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EUR/USD: Comfortable Around 1.13 Handle - Scotiabank
Analysts at Scotiabank noted that EUR/USD
looks relatively stable around the 1.13 line but the EUR traded poorly
overall last week, losing ground against every G10 counterpart apart
from the CHF.
Key Quotes:
"Market
participants will approach the ECB policy meeting cautiously; no change
in rate is expected but President Draghi’s press conference may see him
emphasize loose policy settings in the Eurozone in an attempt to push
the EUR lower.
ECB’s Nowotny told reporters in Washington last
week that central banks had to act in the interest of their own
region—suggesting central banks are not perhaps at all invested in the
idea of co-operation on FX matters."
