KBC Bank: Brexit headlines remain a wildcard for EUR today

Sandeep Kanihama FXStreet Contributor

KBC Bank analysts suggest that for the EUR/USD pair, the picture remains rather cautious/diffuse as it is influenced both by domestic EMU related issues (ECB etc.) but also by the market view on global growth.

Key Quotes

“Yesterday, positive risk sentiment turned out to be mildly EUR/USD supportive. Still, the pair is still rather close to the bottom of the 1.12/16 trading.”

“Given last week’s ECB decision, the euro has no prospect on interest rate support anytime soon.”

“We remain cautious on EUR/USD long exposure. The single currency needs better EMU eco data. Brexit headlines remain a wildcard for euro trading today.”

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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