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ECB holding and EUR bearish - Scotiabank

FXStreet (Guatemala) - Camilla Sutton, CFA, CMT, Chief FX Strategist at Scotiabank noted that the ECB left interest rate policy unchanged.

Key Quotes

"EUR/USD short‐term technical are bearish with few signs that suggest that downward pressure is easing”.

“Technically, support lies at the recent low of 1.2571 and resistance at 1.2700."

NZD/USD trims gains, holds above 0.7800

After reaching a daily high during the Asian session at 0.7925, NZD/USD lost strength and pulled back.
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Draghi Keeps Markets Guessing - TDS

Analysts at TD Securities explained that the ECB left interest rates unchanged and failed to excite with a little changed introductory statement and non-committal answers in the Q&A on specific amounts of ABS and covered bonds that they plan to buy.
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