Euro benefits from broad US Dollar weakness ahead of ECB rate decision
Risk appetite remained subdued on Wednesday, with equities and bonds under pressure as another leg higher in oil prices added to concerns over the deteriorating situation in the Middle East. In foreign exchange markets, the dollar was modestly firmer after initially weakening against most major currencies.
EUR/USD Price Forecast: 1.1686-1.1710 zone remains key hurdle
Euro: Mid-range trading with capped upside against US Dollar – ING
Euro nudges up above 1.1640 amid broad-based US Dollar weakness
EUR/USD Price Forecast: Bullish bias remains above 1.1600 ahead of ECB and US inflation
EUR/USD remains vulnerable to another near-term dip ahead of Thursday's ECB meeting, where a 25bp rate hike is already largely priced in. The bigger focus will be on the ECB's inflation projections and guidance, particularly whether rising energy costs are seen as temporary or a reason to keep tightening later this year.
Euro: Upside bias within defined range against US Dollar – UOB
Euro: ECB expectations support EUR against US Dollar – Scotiabank
Euro holds steady as US Dollar struggles for traction
EUR/USD: Moved lower and banked +36 pips +3%
Euro: Downside risks against US Dollar into ECB and Fed – ING