EUR/USD Forecast: Euro Continues to Grind Higher

21 ביולי 2022

The EUR/USD currency pair rallied a bit against the US dollar Tuesday as we await the ECB announcement. At this point, I think the market is more likely than not going to have to pay close attention to any statement coming out of the central bank, as people are hoping that perhaps the Europeans are going to tight monetary policy. There is almost no chance of that being the longer-term trajectory, although it looks like they are going to do a token hike or two.