EUR/USD to see small fluctuations around the 1.03 level – Commerzbank

US Dollar stays under pressure on thin holiday trading. Economists at Commerzbank expect the EUR/USD pair to hover around the 1.03 mark.

Sit back and relax, it is likely to get a bit dull

“In view of the Thanksgiving weekend, there is no data due for publication in the US. However, we are unlikely to see anything earth-shattering from the eurozone either.”

“I expect quiet Dollar markets until the weekend with small fluctuations in EUR/USD around the 1.03 level. So, let’s sit back and relax as it might get a bit dull.”