#EURUSD @ 1.07806 : A 50 bps increase by the Fed and/or upward revision of the dots to smother bullish argument – SocGen
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The ball for EUR/USD moves to the court of the Fed this week. Economists at Société Générale analyze how the FOMC meeting could impact the world’s most popular currency pair.
“A smaller 25 bps rate increase or a pause by the FOMC on Wednesday and minor (upward) revision of the dot-plot should, in theory, help EUR/USD to return to the upward trajectory of January.”
“A 50 bps increase by the Fed and/or significant upward revision of the dots would be a major surprise and would backfire for risk assets and smother the bullish EUR/USD argument.”
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