Federal Reserve Chair Jerome Powell’s speech is set to overshadow Eurozone inflation data. In the view of economists at ING, the EUR/USD pair may want to speed up its decline on a dip beneath 1.0300.
Inflation performs 2nd fiddle to Powell
“The affect of the inflation story on the EUR/USD has been, predictably, limited. External elements and Dollar dynamics proceed to pressure the pair’s performance, and we see draw back dangers these days given that Fed Chair Powell is scheduled to talk later.”
