EUR/USD is extending its current, quiet consolidation round 1.12 and buying and selling with modest help into Friday’s NA session, Scotiabank’s Chief FX Strategist Shaun Osborne notes.
ECB policymakers stay dovish
“The renewed fade in Fed expectations is an important near-term driver for EUR, because it stays a key supply of uncertainty within the outlook for relative central financial institution coverage. For the ECB, policymakers stay universally dovish and proceed to speak a desire for extra cuts within the coming conferences.”
