EUR/USD Rallies Above $1.12 on French Bond Relief; Fed Minutes Await
The euro has recovered above $1.12, supported by relief in French bond markets. However, the rebound is modest, and attention now turns to the upcoming Fed minutes, which will test whether waning expectations for an October rate hike can further weaken the dollar.
Relief in French bond markets helped the euro recover, though the rebound remains modest. Today’s Fed minutes will test whether easing expectations for an October hike can weaken the dollar further. French bond relief is supporting the euro’s recovery. The Fed remains the next major catalyst.
A rebound still ne…