According to forex strategists at Barclays Capital, this week, the dollar will likely trade in a range against other major currencies, in expectation of the meetings of the Federal Reserve and the European Central Bank next month.
In the coming days are expected swings in investor sentiment, as not forthcoming publication of key economic reports, and on Thursday the United States will be celebrating Thanksgiving.
As for the euro, the ECB continues to prepare investors for adopting new stimulus measures. The institution would hardly risk to not take action in December, as this would provoke a surge in the euro and hence - blow over inflation expectations.
Until the December meetings of US and European regulators EUR/USD likely to fluctuate, but Barclays Capital strategists advise players to realize sales in periods of growth. Experts remain short positions in the pair of $1.1278 with $0.99 target.
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