ECB’s Isabel Schnabel said on Wednesday that the central bank should cut rates gradually. Market participants are anticipating the German inflation report. US inflation increased by 0.3%. The EUR/USD outlook shows a slight pullback following a sharp bullish turn after hawkish European Central Bank remarks boosted the euro. However, trading remained thin as the US...
Trading was thin on Thursday as the US observed the Thanksgiving holiday. The core PCE price index increased by 0.3%, in line with expectations. The US economy expanded by 2.8% as expected. The USD/CAD forecast indicates a rebound in the Canadian dollar stemming from the easing US dollar and slight gains in crude oil prices....
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