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The Euro pared earlier losses against the Dollar and did some of the work driving a rally in EUR/GBP after the European Central Bank (ECB) raised its forecasts for inflation in the Eurozone before writing a hawkish prescription of "significantly" higher borrowing costs in response.
December 15,2022
U.S. CPI inflation is due for release at 13:30 BST and risks are skewed towards the upside for EUR/USD.
December 13,2022
The Euro to Dollar exchange rate has held onto much of November gain in early December trade but technical resistances continue to frustrate its path above 1.06 and Tuesday's U.S. inflation data is likely to be decisive of whether it can overcome those obstacles on the charts in the week ahead.
December 12,2022
"We think the ECB will surprise hawkishly by hiking by 75bp for the third time in a row," says economist Jan von Gerich at Nordea Bank.
December 9,2022
The lows for the Euro are in the rear-view mirror and the next big move is likely to be higher, says NatWest Markets.
December 8,2022
Intesa Sanpaolo raises Euro-Dollar forecasts.
December 6,2022
The Euro to Dollar exchange rate entered the new week on the front foot with help from a rallying Renminbi but would risk being frustrated in its recovery by a nearby thicket of technical resistances on the charts in the absence of a further significant setback for the Dollar over the coming days.
December 5,2022
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