$EURUSD Forecast: Post-Fed recovery fades away, euro eyes multi-year lows by eren_fxstreet forex trading
y is likely to continue to have a difficult time finding demand given the European Central Bank's policy outlook.
to stay resilient against the dollar, it did little to nothing to close the policy gap between the ECB and other major central banks, especially the US Federal Reserve.refrained from confirming that they will raise the policy rate by the same amount in July, the dot plot showed that policymakers expect the policy rate to rise to 3.4% by the end of the year.
Later in the session, the weekly Initial Jobless Claims, May Housing Starts and the Federal Reserve Bank of Philadelphia will be featured in the US economic docket. In the current market environment, however, these data are unlikely to impact EUR/USD's performance in a meaningful way. In the meantime, the Bank of England will unveil its interest rate decision. Once again, a hawkish
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