EUR/USD (current price: 1.1205)
The most traded pair remained choppy on Thursday, as investors are still uncertain about the next moves by the central banks. The ongoing banking crisis in Europe point easy to monetary conditions, but the U.S. economic releases were mostly positive this week, possibly leaving the opportunity open for the FED to raise its benchmark rate. The common currency still looks robust, despite the negative news regarding the struggling German Bank, as the more hawkish ECB continues to lift the pair.
Our assessment: The pair’s trading is still around the 1.12 level, despite the bullish U.S. news, as the Euro continues to ignore the persistent bearish pressures.