EUR/USD will tend to trade sideways this week – Commerzbank

FXStreet Insights Team FXStreet

US Dollar consolidates previous week's losses. Economists at Commerzbank analyze Greenback’s outlook.

USD’s upside potential largely exhausted

Due to a lack of new information on central bank policy, EUR/USD will tend to trade sideways this week.

Based on monetary policy the Dollar’s upside potential is more or less used up and the market prices in faster cuts than the Fed signals with its dots.

Only the conflict in the Middle East might mean that the Dollar will be in demand as a safe haven in case of an escalation, but that doesn't look likely at the moment.

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FXStreet Insights Team

FXStreet

The FXStreet Insights Team is a group of journalists that handpicks selected market observations published by renowned experts. The content includes notes by commercial as well as additional insights by internal and external analysts.

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