OctaFX | OctaFX Forex Broker
Open trading account

EcoFin meeting takes centre stage – Danske Bank

FXStreet (Edinburgh) - Jens Perdersen, Senior Analyst at Danske Bank, remarks today’s meeting with the French budget in the limelight.

Key Quotes

“Euro area finance ministers will today meet at 14:30”.

“The main topic will be recommendations to member states on fiscal and economic policy”.

“There will be particular attention on France which has already announced that it will not be able to meet the requirement of cutting the budget deficit to less than 3% of GDP”.

“There will also be focus on the overall stance of fiscal policy in the euro area in light of recent weak data in the euro area and discussions at this weekend’s IMF and World Bank meeting”.

USD/JPY consolidates losses around 107.20

USD/JPY consolidates around 107.20 level after having dipped to multi-week low at 107.06 amid thin market conditions
Read more Previous

Germany: Wholesale Price Index grows 0.1% in September

The German monthly Wholesale Price Index data released by Destatis today showed a 0.1% increase in September, compared with the June 0.2% drop. This result is in line with conse
Read more Next
Start livechat