The euro (EUR) is also entering the American session on Tuesday without changes against the US dollar (USD) with a modest recovery of the slight weakness of the late Asian session/principles of the European session, says Shaun Osborne, head of Scotiabank’s chief FX.
Anticipating support in the decrease in the ECB flexibility bias
“The publication of trusted data of second -category investors in the euro zone has offered little in terms of pricing action, and there have been no large publications or Germany or France. The calendar remains empty for much of this week, leaving the focus centered on the heavy agenda of the ECB.”
“The latest comments from the Governing Council Villeroy Summary Our opinion: that the ECB is reluctant to be neutral and is probably in its terminal rate for this flexibility cycle. Villeroy said the ECB is in a ‘favorable zone’ but that it is not static and the member of the CG Rehn declared that the ECB must be ready to act when necessary.”
“We see margin for the strength of the Eur depending on the relative policy of the central banks as the markets decrease their expectations of cuts. The markets have softened their expectations of flexibility but are still valuing a considerable 26 basic points by the end of the year.”
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
