EUR struggles to gain despite rising rate expectations – Commerzbank

The Euro (EUR) has been struggling to gain despite rising market expectations for interest rate hikes. Commerzbank's Head of FX and Commodity Research, Thu Lan Nguyen, notes that the recent gains in EUR/USD largely reflect a weaker US Dollar (USD) rather than strengthening Euro fundamentals. This indicates that even with rising anticipation for higher interest rates, the Euro's performance is not as robust as many investors might expect. The market shows a cautious approach towards the Euro amidst these expectations, highlighting a need for clarity in how interest rate increases might influence its movement. Observers will continue to watch for signals that could trigger a more pronounced rebound for the Euro in the coming sessions.