EUR/USD Outlook Ahead of ECB Main Refinancing Rate and Monetary Policy
EUR/USD has been grappling with significant pressure over the past few weeks, caught between the influence of inflation data and the ongoing speculation on the USA and Euro Zone interest rate paths. Since January 1st, 2024, the pair has been trading within a range as high as 1.1000 and as low as 1.0700, and most of the trading days witnessed price action between 1.0780 and 1.0920 as economic and inflation data continued to shape the markets, underscoring the importance of these factors in the pair’s performance.