EUR/USD Consolidates Above 1.1400 as Markets Reassess ECB and Fed Paths
EUR/USD remains range-bound above 1.1400 as traders weigh shifting expectations for ECB and Fed policy, with a September ECB rate hike now priced below 50%.
According to ING analyst Chris Turner, EUR/USD is consolidating above the 1.1400 level as the market reassesses the monetary policy outlooks for both the European Central Bank and the Federal Reserve.
Market pricing for a September ECB rate hike has fallen below 50%, reflecting growing uncertainty about the pace of tightening by the Eurozone central bank. Meanwhile, the dollar continues to draw support from the Fed's hawkish stance, keeping the pair range-bound.
No breakout appears imminent as traders await fresh catalysts from either central bank's commentary or key economic data.
Source: FXStreet Forex News