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Oct 25 - 09:55 AM

EUR: ECB May Send EUR/USD Lower This Week - Danske

By eFXdata  —  Oct 25 - 08:30 AM

Danske Research discusses the EUR outlook around ECB meeting on Thursday.

"Summing up on last week's data, we see the global economy (and Europe) as continuing to slow down and that Fed has indeed become more hawkish. Although spot EUR/USD did not move much in particular, the incoming data does continue to suggest risks are to the downside, in our view," Danske notes. 

"This week, focus will turn to ECB where we expect Lagarde to be more dovish than e.g. Fed and this may act as a short-term catalyst to take EUR/USD somewhat lower," Danske adds. 

Source:
Danske Research/Market Commentary

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