EUR/USD forecast: Eurozone stagflation risks mount as dollar holds firm ahead of data
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EUR/USD forecast: Eurozone stagflation risks mount as dollar holds firm ahead of data

Currency Pairs:💱 EUR-USD

The dollar was bouncing back at the time of writing, after it had eased overnight on the back of some weaker-than-expected economic data yesterday which had prompted markets to scale back expectations of an October Fed rate hike. However, with more significant US data due today and Friday, and with oil prices continuing to remain elevated, the dollar's broader direction remains bullish.

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EUR/USD forecast: Eurozone stagflation risks mount as dollar holds firm ahead of data