EUR/USD: Risks remain skewed to the downside – Danske Bank

Sandeep Kanihama FXStreet Contributor

In view of Jens Peter Sørensen, senior analyst at Danske Bank, EUR/USD continues to trade modestly lower and will be taking further cues from the upcoming ECB meet tomorrow.

Key Quotes

“The very near-term risks remain skewed to the downside as the ECB in our view is likely to revise its view on the balance of risk to negative tomorrow.”

“EUR/GBP is back at Friday’s low (0.876), aided by a better-than-expected labour market report and further speculation of a GBP-friendly solution to Brexit.”

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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