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EUR/USD: Expect 1.2860-1.2960 range today - OCBC

FXStreet (Bali) - Emmanuel Ng, FX Strategist at OCBC Bank, expects EUR/USD to trade within a 1.2860-1.2960 neighborhood today.

Key Quotes

"EU finance ministers and central bankers will congregate in Milan for the G20 meeting beginning Friday. Watch also for rhetoric from Finance Ministers of China and Japan over the weekend."

"Meanwhile, apart from calling upon EZ governments to step up, the ECB’s Draghi reiterated that the Bank remains ready to take further action if needed while Noyer also stated that “…we needed to bring the euro down and we still need to bring the euro down”. In the near term, expect some soul searching around current levels within a 1.2860-1.2960 neighborhood."

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