Euro-Dollar Exchange Rate ‘Looks Comfortable’

The euro-dollar exchange rate looks comfortable at current levels, sticking to a narrow range around 1.0930 and showing few signs of moving too far away from this mark so far this week, DZ Bank Research said.

Until Thursday U.S. inflation data, EUR/USD “should hardly be able to be dissuaded from its sideways range” as focus centers on the likely timing and extent of interest-rate cuts by the Fed and the European Central, DZ Bank Research said.


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