The Euro to Dollar exchange rate again challenged the key 1.1000 level on Thursday, but unable to break higher and consolidated just below this level. Markets are pricing in a 99% chance of a Fed rate cut in May and an 80% chance that there will be at least two cuts by then. According to Scotiabank; “A solid bid for the EUR in late morning European trade puts a positive spin on the intraday chart and suggests spot may be poised to take another run at major resistance in the 1.1015 area shortly.” It added; “Trend oscillators are aligned bullishly for the EUR on short-, medium– and long-term studies, suggesting that a ... (full story)