Dollar Struggles to Find a Pulse as ECB Pushes Euro-isation
US data has improved but not enough to restore dollar confidence, and a durable rebound looks unlikely this week; EUR/USD may break below 1.180 rather than rise to 1.20 as euro-isation grows. The ECB’s move to widen euro access could support longer-term EUR/USD, even as near-term moves remain modest. In the UK, January jobs and inflation data keep BoE-cut bets alive, while in CEE most currencies stay range-bound amid expectations of gradual rate cuts. Nvidia earnings and stock volatility loom as potential FX catalysts.