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EUR/USD – Limited Movement to Start off Week - MP

FXStreet (Barcelona) - Kenny Fisher, Currency Analyst at MarketPulse, sees the EUR/USD pair as being steady on Monday, as the pair trades just below the 1.25 line.

Key Quotes

“It’s a very quiet day on the release front, with no US releases on the schedule. In the Eurozone, Italian Industrial Production declined 0.9%, while Eurozone Sentix Investor Confidence came in at -11.9 points.”

“The ECB will begin buying asset-backed purchases later this month, so we could see the wobbly euro lose more ground.”

“However, these moves may not be enough and Draghi may be forced to borrow a page from the book of other central banks and commence quantitative easing, which is the purchase of government securities.”

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