EUR/USD Prospects Turnaround Over Span of a Week after GDP Surprises
This time last week, markets were pricing in a rate cut by the European Central Bank this year and for the Federal Reserve to raise rates by June 2017. Now, markets are no longer pricing in an ECB rate cut this year, and the Fed isn’t expected to raise rates until at least January 2018. How quickly market sentiment has changed, and with it, the winds blowing EUR/USD.
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