USD Performance: The US Dollar initially weakened due to soft core inflation data but later gained strength, influenced by renewed geopolitical tensions and increased bets on Fed rate cuts, with a neutral to bearish outlook for the currency.
EUR Stance: The European Central Bank (ECB) maintains a neutral, data-dependent approach to policy, with recent inflation data supporting this stance and no immediate changes expected.
EURUSD Technical Analysis: The EURUSD currency pair is currently trading between the 1.1615 level and a trendline, with sellers likely to push for new lows while buyers aim for a breakout above 1.17.
Upcoming Economic Data: Key upcoming reports include November US Retail Sales and PPI, alongside a potential US Supreme Court decision on Trump's tariffs, which could impact market sentiment and the USD.
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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Averages
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Current: 56.660
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Averages
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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.
