Forex Flash: EUR/USD might be weighed by economic divergences - Commerzbank

FXstreet.com (Córdoba) - EUR/USD is currently trading in a range of approx. 1.30-1.32, says Thu Lan Nguyen, analyst at Commerzbank, and despite the recent EUR/USD drop, the analyst thinks there is currently no impulse in sight that could cause it to break out of this range "on a sustainable basis".

"Economic concerns on both sides of the Atlantic are fuelling speculation about a more expansionary monetary policy thus weakening the currencies", Nguyen comments. "However, during the coming week, soft economic data from the euro zone might be more of a concern allowing EUR-USD to test the lower end of the range".