EUR/USD bounces off lows and retakes 1.1000 – by pabspiovano EURUSD Currencies Majors
Disappointing EMU, GDP results weigh on the single currency.manages to regain some composure and now looks to regain the key 1.1000 barrier and beyond at the end of the week.A fresh bout of oxygen seems to lift EUR/USD back to the 1.1000 neighbourhood, as the Greenback gives aways some gains and investors continue to digest disappointing results from the EMU and German docket on Friday.
In the meantime, yields on both sides of the Atlantic fade Thursday’s rebound and refocus on the downside amidst an incipient recovery in the risk complex. Meanwhile, price action around the single currency should continue to closely follow dollar dynamics, as well as the incipient Fed-ECB divergence when it comes to the banks’ intentions regarding the potential next moves in interestMoving forward, hawkish ECB-speak continue to favour further rate hikes, although this view appears in contrast to some loss of momentum in economic: Euro group Meeting, Germany labour market report/ Advanced Inflation Rate/Flash Q1 GDP Growth Rate, EMU Flash Q1 GDP...
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