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EUR/USD: today's Chinese data could weigh on euro - Scotiabank

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Jan 18, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    FXStreet (Guatemala) - Shaun Osborne Chief FX Strategist at Scotiabank explained that EUR/USD remains rooted to the 1.09 area.

    Key Quotes:

    "The EUR had picked up a little support amid the recent equity market volatility so slightly stronger risk appetite going forward will count against the EUR to an extent.

    Markets are liable to shy away from big bets on the EUR ahead of the Chinese data releases due and the ECB policy meeting on Thursday, however.

    No policy action is expected this week but investors will want to hear President Draghi’s opinion on the economic outlook to try and determine whether further stimulus is a possibility in the months ahead."
    For more information, read our latest forex news.

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