$EURUSD Forecast: Euro eyes 1.0600 as bulls remain interested by eren_fxstreet forex trading
was not their baseline scenario and confirmed that they intend to raise key rates by 25 basis points in July. "We expect to raise the key ECB interest rates again in September," Lagarde further acknowledged.
In the meantime, US stock index futures are up nearly 2% following the long weekend in the US, suggesting that risk flows dominate the financial markets on Tuesday. Later in the session, Existing Home Sales data from the US will be looked upon for fresh impetus. The market consensus points to a 0.2% decrease in May. In case the report reveals a bigger than expected contraction, it could have a negative impact on risk mood and help the dollar hold its ground.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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