Broad consolidation in USD continues...
The two powerful forces that have emerged - expectation of a Fed hike at the end of the year and European political challenges - appear to have reached a tentative equilibrium. Meanwhile, US President Trump's comments about "wiping out" Puerto Rico's $74 bln of debt remind investors of the unorthodox and unpredictable impulses from the US.
The US dollar is mostly little changed as the broad consolidation that has emerged this week continues.
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where do you expect EURUSD to be bullish in the near future then?
Thanks
I dont see EURUSD to be bullish in the near term, however if the NFP is negative then we could see relief rally in EURUSD
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