Market participants remain prudent ahead of debt ceiling debate.The single currency alternates gains with losses vs. the greenback and motivatesEUR/USD looks at US debt ceiling, risk trends
Moving forward, all the attention is expected to be on the US debt ceiling negotiations this week, where consensus among investors continues to point to an agreement in the 11The European currency, in the meantime, remains under scrutiny on the back of now shrinking hawkishness from some members of the ECB Board ahead of the next event in June, where a 25 bps rate hike appears well anticipated.
The movement of the euro's value is expected to closely mirror the behaviour of the US Dollar and will likely be impacted by any differences in approach between theMoving forward, hawkish ECB-speak continue to favour further rate hikes, although this view appears in contrast to some loss of momentum in economic: EC Flash Consumer Confidence – Germany, EMU Advanced Manufacturing/Services PMI – Germany IFO Business Climate – Germany Final Q1 GDP Growth Rate, GfK Consumer Confidence – Italy,...