EUR/USD
The rate gap is doing the work, and the data has not argued with it
The front end stopped pricing further cuts two weeks ago and the pair has not followed it up yet. That gap is the whole of the case: it closes on a soft print, and on nothing else this month.
We are buying EUR/USD: that means buying the euro and selling the US dollar. The price is how many US dollars one euro buys, so it rises when the euro gains on the US dollar.
The board reads the EUR bearish, while this Call buys it, and the board reads the USD bullish, while this Call sells it. A currency page weighs one currency against the other nine; a Call weighs EUR against USD alone, so the two can differ.
Core services below 3% for two prints
- Threshold:
- 3.0%
- Horizon:
- two months
The things we compare, side by side
No Factors both currencies carry delivered yet.
What is driving the price
Three reasons, one working now. A reason that is not yet active is worth watching, not yet worth paying for.
- The rate gap is still doing the work here and has not started to close.Pushing it now · faint pull
- The rate gap is still doing the work here and has not started to close.Holding it back · faint pull
Who pays more to hold
Holding EUR/USD in line with our Call (long) means you earn EUR’s interest rate and pay USD’s. Money tends to flow toward the currency that pays more, which pushes its price up.
No rates for these two central banks delivered yet.
What each central bank is doing
Where each bank stands today, where the market expects it in a year, and what its own people have been saying.
The central bank
- Charges now
- —
- Expected in a year
- —
- Next decision
- —
- In 12 days
No central bank read for this currency delivered yet.
Open the full The central bank tracker
The central bank
- Charges now
- —
- Expected in a year
- —
- Next decision
- —
- In 12 days
No central bank read for this currency delivered yet.
Open the full The central bank trackerWhat lands next for EUR and USD
Today · times UTCTodayOne release of consequence.
- 13:30Core inflationHigh impactCons. 3.0%
