Goldman Sachs maintains short EUR/CAD position ahead of ECB meeting ...Middle East

Goldman Sachs holds a bearish outlook on EUR/CAD, targeting a move to 1.44, in anticipation of this week's ECB meeting. The firm argues that despite EUR/USD hovering around the 1.08 level for approximately two months due to counteracting market forces, the ECB's forthcoming meeting is likely to highlight the availability of significant data by June, potentially setting the stage for rate cuts. Moreover, with Euro area growth expectations stabilizing while the US surpasses consensus forecasts, Goldman sees a skewed downside risk for EUR/USD and views the Euro as an attractive funding option under current market conditions.Key Points:EUR/USD Stability: The currency pair has been stable around

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