The euro (EUR) is consolidating silently within a narrow range in the middle/upper part of 1.13, says Shaun Osborne, head of Strategy of Scotiabank FX.
The ECB maintains a dovish tone
“Data publications have been limited to retail sales in the euro zone, in line with the expectations of a 0.1% contraction for the month of March. German factory orders were stronger than expected and the salary growth in France accelerated in the first quarter. The ECB comments have continued to be moderate, with the member of the Stournate Governing Council saying that we will continue to continue of rates. “
“The statement is important, since it arrives after the surprise (upward) of the CPI last week. The tone of commercial developments between the US and the EU is still mixed, since the media continue to inform about proposals for retaliation tariffs, as well as on the proposals for the purchases of US LNGs and direct investments in the US”
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.
