The EUR/USD pair is slightly below 1.0900. The economists of ING They analyze the pair's prospects.
Thursday's PMIs could guide EUR/USD heading into the weekend
This week, the EUR/USD pair will be mainly driven by developments in the US, although some data from the Eurozone calendar should not be overlooked. Today's final February CPI figures should come as no surprise, but Tuesday's ZEW survey will be interesting to check the state of the struggling German economy. As will Thursday's PMIs, which could offer some guidance to EUR/USD over the weekend once the FOMC is digested.
There are also plenty of European Central Bank speakers to listen to, including President Christine Lagarde on Wednesday.
Our view on EUR/USD is that it may trade on the soft side until the FOMC, but could still end the week within the 1.0850/1.0900 range.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
