EUR/USD Loses Momentum With ECB Decision Looming
EUR/USD spun in circles on Monday (4/15), hitting the 1.1400 and 1.1300 levels before settling somewhere in the middle. The US dollar continued to weaken across the board following the Trump administration’s latest change of heart on its own tariff threats, but market sentiment remained lukewarm as investors worried about lingering trade tensions.
Tuesday will bring several mid-tier European sentiment indicators, followed by US Retail Sales data due on Wednesday. However, the main event for EUR/USD this week is the European Central Bank’s (ECB) latest decision on Thursday.
Markets are widely anticipating another quarter-point interest rate cut from the ECB this week as policymakers brace for the deepening economic impact of the Trump administration’s ever-changing tariff policies.
Source: FXStreet