EUR/USD continued to decline for the second straight session, trading near 1.1350 during Asian hours on Tuesday (4/15). The pair weakened as the US dollar (USD) tried to regain stability amid growing concerns over stagflation.
Early on Tuesday, Atlanta Fed President Raphael Bostic commented that the Federal Reserve still has a long way to go to bring inflation down to its 2% target. His remarks dampened market expectations for further rate cuts in the near term.
In a shift from its previous outlook, Deutsche Bank now anticipates a 25 basis point rate cut in December—the first cut forecast for 2025—followed by two additional cuts in the first quarter of 2026. The bank projects a terminal interest rate of between 3.5% and 3.75%.
Market participants are now eyeing the European Central Bank's (ECB) Bank Lending Survey (BLS), which could offer key insights into the ECB's assessment of monetary and economic conditions ahead of its policy meeting on Thursday. The European Central Bank (ECB) will hold its policy meeting on Thursday, with markets widely anticipating a 25 basis point interest rate cut.
The euro has also found support amid rising global trade tensions and uncertainty over US tariff policy, which have rekindled fears of a potential recession and dented investor confidence in US assets.
Investors will be looking closely at the ECB's comments on the implications of trade tensions for the Eurozone economy and the future trajectory of interest rates. (Newsmaker23)
Source: FXstreet
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