EUR up marginally vs. USD – Scotiabank
|The Euro (EUR) is up marginally vs. the US Dollar (USD), trading toward the mid-1.14s on the back of the broader market’s muted reaction to the US/China talks.
Markets digest ECB headlines in absence of fundamental data
"There have been no major releases, offering little in terms of fundamentally-driven price action. The ECB however, continues to deliver a steady barrage of headline risk that continues to underscore a shift toward neutral."
"Policymakers are also attempting to champion the global role of the euro in a world of trade-related uncertainty. Near-term risks may be tilted to the downside, as we note a small pull back in risk reversals, revealing a shift in sentiment and a repricing of options fading the premium of calls over puts."
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