The Federal Reserve interest rate decision is likely to sway EUR/USD as the central bank is widely expected to normalize monetary policy at a faster pace. Get your weekly Euro forecast from DavidJSong here:
appears to be reversing course ahead of the 2017 low as the core US Personal Consumption Expenditure 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 improvement in the labor market. Unemployment in Germany, Europe’s largest economy, is anticipated to fall 15k in April after contracting 18K the month prior, and a positive development may encourage the
to adjust the forward guidance for monetary policy as a growing number of Governing Council officials show a greater willingness to switch gears. rate decision on May 4 may largely influence EUR/USD as the central bank is widely expected to deliver a 50bp rate hike, and it remains to be seen if Chairmanexpects to begin reducing its holdings of Treasury securities and agency debt and agency mortgage-backed securities at a coming meeting.
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