Euro Forecast: EUR/USD Selloff Stalls Ahead of Fed Rate Decision
EUR/USD bounces back from a fresh yearly low (1.0471) after depreciating for six consecutive days, but the Federal Reserve interest rate decision is likely to sway the exchange rate as the central bank is widely expected to normalize monetary policy at a faster pace. EUR/USD appears to be reversing course ahead of the 2017 low (1.0340) as the core US Personal Consumption Expenditure (PCE) Price Index narrows to 5.2% from a revised 5.3% per annum in February, and data prints coming out of the Euro Area may fuel a larger rebound in the exchange rate as Germany’s Unemployment report is anticipated to show a further
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