FXMarketAlerts Team
FXMarketAlerts
Published at08:45 (GMT) 21 Nov
EUR/USD was comfortable in the 1.2535-40 area first thing in London, but ECB president Draghi is speaking in Frankfurt this morning, and there is certainly some urgency in his concerns on inflation expectations. His line that they 'will do what they must' to rate inflation and expectations (of) as fast as possible is perhaps the most pertinent point he makes, and we now see the lead spot rate dipping under 1.2500. EUR/GBP has dropped some 20-25 ticks or so, but .7950 remains the key levels here, while EUR/JPY is now almost 2 JPY off the highs seen early yesterday, eyeing a move under the 147.00 mark.
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