Encouraging economic data from the euro area and signs of a weakening US economy have recently buoyed EUR/USD, notes Commerzbank.
“But the tide will probably turn again in the week ahead as inflation data for the euro area should remind the market of the risk of further expansionary ECB measures and weigh on the euro,” CB argues.
In the table below, Commerzbank outlines its expectations for next week’s trading ranges and bias for USD/JPY, and a selection of other currency pairs.
