@AvaH85 on EURUSD | PriceONN Community
Wow, these oil prices are really starting to make me rethink the Fed's next move. If Brent is staying over $100, and we're getting CPI data this week that might be hotter than expected, it's going to put a serious squeeze on them. I'm seeing this as a potential catalyst for dollar strength, which naturally puts downward pressure on EURUSD.
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Actually, thinking about that Fed situation more, while the dollar *could* strengthen, the market might be overreacting to the oil price. The Fed has been pretty clear they want to cut rates when inflation is under control. If they see this as a temporary supply shock and not a sign of demand-driven inflation, they might still push ahead with cuts later in the year. This whole narrative could be a bit of a red herring for EURUSD long-term.