Eur rub exchange rate forecast: EUR/USD Rate Week Ahead Forecast: Bearish

Previously, a rate rise was expected towards September, the U-turn in policy stance was a reaction to the slowdown gripping the Eurozone. Currencies tend to rise in anticipation of higher rates, therefore the policy stance at the ECB is unsupportive of the single-currency at the current juncture. We have heard from a number of currency analysts that the bearish shift in stance at the ECB has seen them lower their foreacsts for EUR/USD.

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