Forex Analysis by Fawad Razaqzada covering: Euro US Dollar, DAX, US Dollar Index Futures. Read Fawad Razaqzada's latest article on Investing.com
strength following last week’s US election results. The dollar is strengthening amid expectations for a higher terminal interest rate from the Fed, owing to Trump’s inflationary fiscal policy.
October CPI is expected to print +0.2% month-month, which, if correct, is seen pushing up the year-over-year rate to +2.6% vs. +2.4% in September. Core CPI is expected at +0.3% m/m or +3.3% y/y.economic sentiment disappointed expectations and weighed on the euro. It came in at 7.4 compared to 13.1 in October, and well below the expected figure.
Thus, there is a risk we could potentially see the EUR/USD drop to 1.0500 sooner than one would have otherwise expected. Could we get there this week?
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