EUR/USD: 1.07 is clearly not a hard floor – Commerzbank EURUSD Banks UnitedStates Inflation
is settling at levels just above 1.07. But what now? Esther Reichelt, FX Analyst at Commerzbank, points out key data to determine the pair’s next moves.“If we obviously haven’t got any idea what is currently happening on the labor market how much more uncertain is thelikely to be in that case? For now, I expect a much more volatile reaction of the Dollar to data releases.”
“As long as the inflation rate continues to tend downwards, however, the arguments supporting a weaker Dollar medium-term remain in place.”Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions.
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