In the pair today, pricing is shaped in line with the trade balance data to be released in the Eurozone and statements to come from European and U.S. central bank officials. While potential changes in the Eurozone trade surplus relative to expectations could be influential on the Euro, the speech by the ECB's Philip Lane will be closely monitored in terms of expectations regarding monetary policy. On the U.S. side, statements from Fed Governor Waller and the ADP employment data could be decisive on the short-term direction of the dollar. In particular, strong employment data could increase demand for the dollar. In this direction, although reactionary rises are observed from time to time in the pair, it is anticipated that a pressured and flat/negative pricing will be maintained in the general outlook.
