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EUR/USD – Drifting lower ahead of a big week for the US
This could be a pivotal week for the US at the start of what is a huge year for the world’s largest economy. The focus now be on inflation and interest rates but it won’t be long until the topic of conversation becomes the Presidential election in November and the former may go some way to influencing the outcome of the latter. Markets have become less certain about when the process of cutting interest rates will begin, as well as how fast they’ll fall, and this week could offer some insight on both. The Federal Reserve meeting on Wednesday is widely expected to not be the point when rates will start falling ... (full story)