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Current EUR/USD deadlock in the 1.13-1.14 band may not be broken easily: UniCredit

Quotes from UniCredit Research: -EUR: Despite the Fed's moving a step closer to a rate hike, the USD has been unable to benefit, largely because we think a lot is already in the price. Hence, the current EUR-USD deadlock…

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Quotes from UniCredit Research:

-EUR: Despite the Fed's moving a step closer to a rate hike, the USD has been unable to benefit, largely because we think a lot is already in the price. Hence, the current EUR-USD deadlock in the 1.13-1.14 band may not be broken easily.

-Today's economic agenda may even offer a modest bias to the upside for the EUR if US CPI and durable goods orders come in on the soft side, as we expect.

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