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Sep 13 - 06:55 PM

EUR/USD: Very High Correlation Between Spot EUR/USD And Equity Sentiment Likely To Continue - Danske

By eFXdata  —  Sep 13 - 03:00 PM

Danske Research discusses EUR/USD outlook this week.

"With Fed in its silent period (ahead of the FOMC meeting) and ECB done, we are likely to continue to see a very high correlation between spot EUR/USD and equity sentiment," Danske notes.

"This week, focus will turn to the release of US CPI, retail sales and US regional surveys (empire and philly manufacturing), with the latter being leading indicators of ISM manufacturing. In our view, it will be the correlation between these data releases and global equities which is likely to set the mood in EUR/USD over the week," Danske adds. 

Source:
Danske Research/Market Commentary

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