KQMarkets

EURUSD - Neutral - Pre FOMC

FX:EURUSD   Euro / U.S. Dollar
We still hold a neutral view on EURUSD ahead of the FOMC minutes as it is not expected that there will be any major indications of future FED monetary policy. Therefore we will look towards Eurozone data on Friday in particular Eurozone CPI as the weakness of the Eurozone economy in comparison to the US economy appears to be the main driver behind the continued drop of the currency pair.

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