Forex Flash: Investors try to guess the ECB bias on euro - UBS

FXstreet.com (Córdoba) - The hot event of the week is the ECB press conference and investors try to guess, what ECB President, Mario Draghi, will say on the recent appreciation of the euro. "He will give either a neutral or negative statement on the euro strength", says the UBS analyst team.

"We expect him to dislike excessive moves but will probably deny to call EURUSD at 1.35 already an excessive level", they comment. "Nevertheless, he is likely to signal that the ECB could always cut interest rates, if they think the euro moves too quick and by this cap the upside potential".

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.

RELATED TOPICS