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Nov 18 - 12:55 PM

EUR: Hawkish ECB comments, No Music To The EUR’s Ears Yet - Credit Agricole

By eFXdata  —  Nov 18 - 10:45 AM

Credit Agricole CIB Research discusses EUR/USD outlook in light of the recent ECB comments.

"EUR/USD has tentatively stopped the haemorrhage after dipping to fresh lows sub-1.1265. More hawkish-sounding comments from several ECB members may have somewhat lent a hand to the EUR," CACIB notes. 

"Ultimately, a wide range of views still seems to prevail within the Governing Council, as ECB Chief Economist Philip Lane is likely to remind the market today in a joint panel with the NY Fed. Nonetheless, by now the EUR should be used to his uber-dovish tone, as the oversold EUR could instead rely on technicals to eventually halt its longest streak of daily losses in over two years," CACIB adds. 

Source:
Crédit Agricole Research/Market Commentary

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