EUR/USD focuses on ECB, data

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EUR/USD retargets the key 1.1000 barrier on the back of the continuation of the recovery in the dollar, while the price action in the risk complex appears subdued ahead of the opening bell in the old continent on Monday.


In the meantime, German 10-year yields navigate the upper end of the range and remain underpinned by the persistent hawkish narrative among ECB’s rate setters, which opened the door to a 50 bps rate hike at the May meeting.


Still around the ECB, a recent survey by news agency Bloomberg sees the bank’s policy rate peaking around 3.75% in July.


In the domestic calendar, ECB Chair C. Lagarde speaks in New York, while Board members McCaul and Tuominen are also due to speak later in the session.


Across the pond, the NY Empire State Index, the NAHB Index and TIC Flows are all scheduled on Monday.

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