EUR/USD: Following cautious USD gains – ANZ

Research Team at ANZ, suggests that expectations of US interest rate rises have jumped in recent weeks, pushing EUR/USD back towards the middle of this year’s range.

Key Quotes

“Whilst the G7 have reaffirmed their commitment to orderly FX markets, policy divergence may provide the USD with modest support.

How asset markets respond to higher US rates will be key for EUR/USD. So far, equities and volatility have held in well.”