EUR/USD stays wary on US data – Danske Bank

Senior Analyst at Danske Bank Mikael Milhoj gives his views on the upcoming US releases and the pair.

Key Quotes

“In terms of today’s data calendar, key focus will be on EUR/USD. In our view, we suspect that the cross’ sensitivity to US Core CPI is asymmetric in the sense that a high/consensus print would confirm current market pricing of a December hike, whereas a lower print could shed doubt into markets and send EUR/USD higher”.

“With our consensus call for CPI core, base case remains for only a modest drop in EUR/USD upon release”.

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.