OctaFX | OctaFX Forex Broker
Open trading account

Euro weighed by ECB - BBH

FXStreet (Barcelona) - Marc Chandler, Global Head of Currency Strategy at Brown Brothers Harriman explained the contrast, Bundesbank President Weidman’s hawkish comments gave the euro a small bid.

Key Quotes

"Markets focused on his comment that the risk of a deflationary scenario in Europe was low, and that Germany was not in need for stimulus."

"We don’t place a lot of weight on these comments and think the weak data out of Europe and Germany recently speaks for itself”.

“We think the possibility on further action by the ECB is still on the table, and that this will eventually weigh on the euro."

EUR/USD bounces off 1.2740

The current intraday pullback in EUR/USD seems to have found buying interest in the proximity of 1.2740, now regaining 1.2760/65....
Read more Previous

USD/CAD ends the week off 5-year highs

USD/CAD is trading nearly flat on the day but still poised for weekly gains, although it retreated from 5-year highs as risk sentiment improved over the last sessions, weighing on the greenback against commodity currencies.
Read more Next
Start livechat