Bank of America forecasts no significant changes in the European Central Bank guidance during the upcoming meeting, but anticipates a soft indication of forthcoming rate cuts in the press conference. Despite the expectation of dovish-leaning new ECB forecasts, BofA predicts a minimal sustained impact on the Euro (EUR), as the market has already priced in almost four cuts for this year. The focus for EUR/USD movement remains on US data, the Federal Reserve's actions, and overall risk sentiment, with BofA maintaining its forecast of EUR/USD at 1.15 by the end of 2024.Key Points:ECB Guidance and Forecasts: BofA expects the ECB to maintain unchanged guidance but to hint at impending rate cuts, w
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