EUR/USD could hang onto this week's gains for a few more days – ING
|EUR/USD has held fairly steady. Economists at ING analyze the impact of Eurozone economic data on the pair.
No news is good news
Perhaps helping the Euro this week has been the lack of key Eurozone data. Over the last couple of months, Eurozone data releases have pulled the rug from under any emerging EUR/USD rally and have emphasised the pessimism in this trading bloc.
Looking at the calendar, we cannot see any important releases until the November PMIs next Thursday. This suggests EUR/USD could hang onto this week's gains for a few more days.
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