Barclays Capital expects EUR/USD to trade side-ways into year-end as the data calendar is light and event risks (eg, Fed, ECB) are behind us. "Yet, we think 2016 will bring about another year of significant EUR depreciation with the Fed/ECB policy divergence taking centre stage. Longer-term euro area inflation expectations have once again declined following the December ECB meeting, and we continue to look for muted inflationary pressure over the forecast horizon," Barclays projects. "Further, the EUR REER is close to its January levels, when the ECB first announced QE. We expect this will ultimately imply longer or ... (full story)