Forex. Euro/Dollar (EUR/USD) forecast for today.
Throughout the day, there was a versatile trading dynamics - there was an attempt to test the local resistance of 1.1427.
The yield on 10-year US Treasury bonds has risen slightly, and now it is at 1.793%.
According to media reports, futures on short-term interest rates in Europe imply that even the European Central Bank will be forced to raise its key rate before the end of the year, despite the persistent signals sent by the bank's management to the contrary.
In the last European session, the euro and the pound sterling failed to rise to the 2-month highs reached last week, and began the week mainly with a fall. The euro rose 0.1% against the dollar to $1.1427, while the pound rose 0.1% to $1.3682. There are risks, Prime Minister Boris Johnson may be forced to leave his post for being behind repeated violations of the COVID-19 rules by both himself and his staff.
Today, the focus will be on the ZEW index of economic sentiment in Germany and the European Union. The NY Empire State manufacturing activity index and the volume of purchases of long-term securities will be published at the American session.