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Shinobi - EURUSD: The possibility of a decrease is still high

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Euro steadied again going into Thursday’s trading day but remains within a whisker of the 3-month low seen yesterday near 1.0700.

The US Dollar is generally stronger so far today after Treasury yields once again stepped up to loftier levels overnight. The benchmark 10-year note is near 4.30% after having traded at 4.06% a week ago.

The European Central Bank meets next week, and the market is only subscribing around a 33% probability of a 25 basis-point (bp) hike.

Yesterday, Governing Council member Klaas Knot said that he thought the market was underestimating the chance of a hike. He will be speaking again today alongside several other ECB representatives.
הערה
Shinobi - EURUSD: Upside potential seems limited

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