Underlying weakness in EUR/USD remains intact: Commerzbank

Quotes from Commerzbank Corporates & Markets:

-In the week ahead, the focus will primarily be on inflation data in the euro area. Here, the situation should also have eased somewhat. We expect prices in February to be down by 0.3% from the previous year. Compared with January (-0.6%), this would at least be an increase.

-In this environment, the same holds for the extension of the QE-programme as for the Fed rate hikes. The market will not adjust to it. Whilst the euro is therefore unlikely to come under pressure from this front, the underlying weakness in EUR-USD remains intact and could intensify further over the course of the year.