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Jun 10 - 04:55 AM

EUR/USD - Little Chance ECB Moves Far EUR/USD Today

By Jeremy Boulton  —  Jun 10 - 02:51 AM
  • Volatility sinking close to 2021 low which was lowest since Feb 2020

  • Drop in volatility ahead ECB suggests little EUR/USD reaction

  • ECB to keep money taps wide open even as recovery takes hold nL3N2NQ43G

  • To lift growth and inflation forecasts, may upgrade growth guidance

  • EUR/USD uptrend stalled this year. Pair sideways May/June after April bounce

  • Over $6bln longs added since mid April (net long $16bln)

  • A quiet period will encourage profit taking weighing EUR/USD

EURUSD Click here

Refinitiv IFR Research/Market Commentary


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