EURUSD: Modest to resume above 1.0005/10 towards 1.0050 – Scotiabank EURUSD Banks
EURUSD trades narrowly around parity. Economists at Scotiabank expect the pair to see modest gains toward 1.0050 on a move past 1.0005/10.“Comments from top ECB policymakers in the past day or so have stressed the importance of bringing inflation back under control as soon as possible – suggesting a broad consensus among hawks and the more centrist policy makers at least on the need for additional tightening being implemented quickly. This should help keep the EUR underpinned.
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