EUR/USD: The new comfort level is more likely to be between 1.04 and 1.05 – Commerzbank

“It should have been clear to many since the last Fed meeting at the beginning of November and the US inflation figures for October that the Fed would shift down a gear at some point with regard to the pace of interest rate hikes. But clearly many seemed to need the reminder from the Fed minutes to bring that back to mind. But perhaps some also got cold feet about entering the long Thanksgiving weekend in the US with a ‘too strong’ USD.

“Obviously, the new comfort level is more likely to be between 1.04 and 1.05 against the backdrop of smallerInformation on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions.

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