Chief Analyst at Danske Bank Jens Sorensen noted the EUR will be under pressure in light of the upcoming ECB Forum in Sintra.
“It was a relatively uneventful session in the FX markets yesterday, but focus today should be in EUR crosses on comments at the ECB’s Sintra gathering with focus today on the macroeconomics of wage-price dynamics; this could shift towards mounting inflation pressure as seen by the ECB and place a floor under EUR”.
“In the EM sphere, watch out for more hints of the recent US-China dispute evolving into a full-blown trade war”.
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