EUR/USD to remain steady around the ECB meeting – Danske Bank

Sandeep Kanihama FXStreet Contributor

Kristoffer Kjær Lomholt, senior analyst at Danske Bank, points out that the US jobs report on Friday failed to move EUR/USD despite a weak wage growth figure initially sending the pair higher.

Key Quotes

“As for this week’s potential movers, we stress the following: signals of rate cuts or QE needed at Wednesday’s ECB meeting (which we do not expect) to move EUR/USD lower, hence, EUR/USD should remain steady around the ECB meeting; further progress in US-China trade talks would be EUR/USD-positive; and finally, a long extension of Brexit is unlikely to be significant for EUR/USD.”

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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