May 10, 2022 - 04:32 PM 260 views
According to Commerzbank economists,
the EUR/USD currency pair will trade in the 1.05-1.06 range, while markets are
still unsure whether the European Central Bank (ECB) will raise interest rates
in July or not.
Does EUR/USD persist in the comfort zone?
A certain degree of uncertainty
still exists as whether the ECB will have any guts to implement a lift-off in
July month is of a no doubt but still justifies specifically if economic crisis
While in connection with the Ukraine war crisis,
there are no new levels of acceleration as sanctions and counter-sanctions
persist. Furthermore, there is no reliable information as to whether the ECB
will raise interest rates, and the EUR/USD pair is currently trading in its
comfort zone, hovering around 1.05-1.06 for the time being