FXstreet.com (Barcelona) - Stronger USD on Friday is sending its rivals and risk related assets to test new lows. The single currency has retraced almost 50% of Friday’s upside due to lack of important news and further details regarding the ECB and the implementation of measures in order to quell the ongoing crisis.
According to M.Helt, Senior Analyst at Danske Bank, “we see a risk that EUR/USD could continue to decline until we see further signs of policy responses from either ECB, Fed or China. It has now been one week since Draghi told the markets that the ECB is ready for open market operations at the front end of the curve if assistance is requested”.
According to M.Helt, Senior Analyst at Danske Bank, “we see a risk that EUR/USD could continue to decline until we see further signs of policy responses from either ECB, Fed or China. It has now been one week since Draghi told the markets that the ECB is ready for open market operations at the front end of the curve if assistance is requested”.
