EUR/USD remains sideways around 1.0830 amid ambiguity in risk profile, US PPI eyed – by Sagar_Dua24 EURUSD ECB Inflation PPI YieldCurve
The release of the US PPI willAccording to Bloomberg’s poll, the ECB is expected to find an interest rate peak at 3.25%.pair has continued to trade rangebound near 1.0830 in the Asian session. The major currency pair is displaying a lackluster performance amid ambiguity in the risk profile as the United States markets will open on Tuesday after a stretched weekend. AS&P500 futures have shown a marginal loss as investors have turned anxious amid after holiday mood.
data. A change in the prices of goods and services at factory gates is going to provide more cues about inflation projections. The street sees a decline in headline factory gate prices of goods and services to 6.8% from the former release of 7.4%. Also, the core PPI might trim to 5.9% from the former release of 6.2% in a similar period.
The Euro is expected to hog the limelight as the European Central Bank is aiming to achieve the interest rate peak by the Summer.is expected to push interest rates to 3.25%. The central bank will announce 50 basis points interest rate hike in February and March and a 25 bps rate hike in May that will support the ECB in achieving a terminal rate from the current rate of 2%.
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