EUR/USD Forecast: no love for the EUR

The EUR/USD pair closed the week in the red sub-1.0600, although off its weekly low of 1.0520, as the dollar lost momentum following FOMC's Minutes and comments from US Treasury Secretary Mnuchin. Many US policy makers vowed for a rate hike "fairly soon," but market's confidence about a March hike tumbled amid officers' uncertainty about fiscal policies. On Thursday, US Treasury Secretary Mnuchin expressed his concerns about the high levels of US debt, while adding that new policies would have a limited impact on the economy during this 2017

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