EUR/USD prints fresh bull cycle highs, on course for 5-day rally EURUSD Fed DollarIndex Currencies
US CPI weakened the outlook for the US Dollar but a cohort of Fed speakers remain hawkish.EUR/USD
Analysts at TD Securities said that they continue to think that the market is too optimistic on the pace of the decline in inflation, although they argued that ''an on-consensus print does not change the bigger picture narrative of a USD struggle. We are at a different point of the Fed and inflation cycle that makes USD upside a fade.''
''WIRP suggests a 25 bp hike February 1 is fully priced in, with nearly 30% odds of a larger 50 bp move. Another 25 bp hike March 22 is fully priced in, while one last 25 bp hike in Q2 is nearly 45% priced in that would take the Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements.
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