EUR/USD - Overview from 21.11.2024
Published on 21.11.2024 11:53
In the currency markets, the dollar continues to strengthen, remaining close to the yearly high, due to expectations of inflationary pressures from Trump's economic policy involving tariff hikes. However, EUR/USD remains within a narrow range around the all-time high of 1.0530. A strong catalyst provoking a significant weakening of the US dollar is needed to resume growth. So far, a slight increase in volatility, with the expansion of the current price range, looks more likely in the next few days.
Today
The focus will be on data on the labor market and sales in the secondary housing market in the U.S., as well as the manufacturing index from the Federal Reserve Bank of Philadelphia.