Watch the EUR data this week for ECB implications

Via IONG on the EUR ahead. Not seeing a volatile period for now.

  • euro could fall if European data this week support the case for ECB interest-rate cuts – say to watch of business sentiment is weaker, which would shape a story that policy is too tight
  • euro falls will be limited
  • volatility remains “exceptionally low”
  • a drop may be limited to 1.08, or maybe even just 1.0840

This article was written by Eamonn Sheridan at www.forexlive.com. Source