We begin the week with the EUR/USD pair trading in a narrow range, very attentive to the news arriving about the conflict in the Middle East and Israel's possible response, despite warnings from the West not to do so.
The week began with a lateral movement during the morning of just 15 basis points that made the pair orbit at levels between 1.0645 and 1.0660. American retail sales surprised on the rise, which gave new impetus to the Dollar, leading the pair to test the lows at 1.0622 and confirm that consumption in the United States continues unstoppable.
The new scenario for rate cuts indicates that the FED will make two cuts, starting between July and September, while the ECB would do so in June, with a total of three cuts. Today's session is unloaded as far as economic data is concerned, but with several members of both Central Banks on the wires.
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Economic News, Dollar, Euro
