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EUR/USD forecast: Risks remain tilted to further downside
The big drop in Chinese markets overnight caused commodity dollars to extend their falls, although the likes of the EUR/USD and GBP/USD were largely unaffected. Major European indices fell but found supported shortly after the European open. US index futures also recovered from their overnight lows. With not much on the economic calendar today, expect the dollar to remain largely in a holding pattern but with a slight hawkish tilt. This is because of ongoing Middle East tensions and following Friday’s blowout US jobs report which triggered a hawkish shift in rate expectations. In the near term, there doesn’t seem ... (full story)
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- Posted: Oct 8, 2024 10:51am
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 4,729
