EUR is looking vulnerable – HSBC

Sandeep Kanihama FXStreet Contributor

In view of analysts at HSBC, tactically, the EUR is looking vulnerable as the rally this year has been impressive but August has seen some of the upward momentum fade.

Key Quotes

“Positive news is generating less of an impact and the latest batch of ECB minutes show a growing disquiet with EUR strength. Such sentiments could be repeated by ECB President Draghi in upcoming speeches, including at the high profile Jackson Hole symposium.”

Author

Sandeep Kanihama

FXStreet Contributor

Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.

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