Published: 2023-11-22T12:54:04.000Z
EUR/USD flows: Consolidation in the Wait for December Key Events
Director of Research , Macroeconomics and Strategy
-
The liquidation of USD positions on EUR/USD has started to reach a point that the market can become more 2 way again.
A choppy period could now be seen, as central banks need data to amend their current views on future policy. The Dec 8 U.S. employment report and Dec 12 U.S. CPI figure are the most crucial, as they will impact the Dec 13 Dots and Fed communications. While conditions will remain choppy, the approach of these events could trigger consolidation EUR/USD. 