EUR/USD: More hawkish ECB and EU-US yield spreads to support the euro – Westpac EURUSD ECB YieldCurve Banks
d a lack of key Eurozone data until flash PMIs could allow a more hawkish European Central Bank and EU-US yield spreads to support“ECB meeting might be seen as a placeholder, but Lagarde’s sharp turn in guidance at the ECB’s March meeting suggests that there could be an affirming of notably more hawkish guidance.
“While matters in Ukraine are less distressing for markets and fear of a French election shock appear less likely, the lack of key data prior to flash PMIs could allow the potential turn in the EU-US 2yr swap spread to provide support for the ailing EUR as EUR/USD tests 1.08.”Information on these pages contains forward-looking statements that involve risks and uncertainties.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
EUR/USD Braces for a Hawkish Disappointment Ahead of the ECBTomorrow the ECB is due to address the public on its latest monetary policy decisions but we are unlikely to see much deviation from what was communicated at the March meeting. Get your market update from RichardSnowFX here:
Read more »
EUR/USD bulls lurking in the pastures of the ECBAt 1.0902, the euro vs the greenback is higher by 0.13% and has travelled between 1.0882 and 1.0908 within a relatively tight range as markets consoli
Read more »
EUR/USD Forecast: Euro stays vulnerable, tests key supportEUR/USD has turned south, once again, after having failed to hold above 1.0900 on Monday. The pair is testing key support at 1.0860 and it could exten
Read more »
Euro Technical Outlook - EUR/USD, EUR/CHF Vulnerable if Momentum Re-AssertsThe Euro has been losing ground to the US Dollar and the Swiss Franc of late as technical begin to turn. Can the Euro steady itself before making new lows? Get your market update from DanMcCarthyFX here:
Read more »
EUR/USD Forex Signal: Euro Sell-Off Sees No ReprieveThe EUR/USD pair declined sharply on Tuesday and on Wednesday morning as investors reacted to the latest US inflation data.
Read more »
EUR/USD Forex Signal: Bears in Control Ahead of US DataThe EUR/USD pair declined as investors reflected on the latest France election and the upcoming US and Germany consumer inflation data.
Read more »