USD Weakness: The US Dollar weakened after the DOJ subpoenaed the Federal Reserve, seen as a political move to pressure Fed Chair Powell into cutting interest rates more aggressively, raising concerns about Fed independence and potential inflation risks.
CPI Report Anticipation: The upcoming US CPI report is expected to significantly influence market expectations regarding interest rates, with a strong report likely supporting the USD and a weak report potentially leading to further bearish sentiment.
EUR Neutral Stance: The European Central Bank maintains a neutral policy stance, indicating that future decisions could involve either rate cuts or hikes, depending on economic data, which has recently shown lower-than-expected inflation.
EURUSD Technical Analysis: The EURUSD pair reacted positively to the DOJ news, approaching key resistance levels, with potential for sellers to enter around the 1.17 mark, while buyers will look for a breakout to target higher levels.
Wall Street analysts forecast USD stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for USD is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Analyst Rating
Wall Street analysts forecast USD stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for USD is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Buy
0 Hold
0 Sell
Current: 56.660
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Current: 56.660
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
