Cryptocurrency signals by FXPremiere – Euro May Look Past ZEW Data as GBP Continues to go down
Euro May Look Past ZEW Data as GBP Continues to go down
Euro May Look Past ZEW Data as GBP Continues to go down.
Talking Points by FxPremiere:
Euro hard to find lead in German ZEW survey.
British GBP Pound may retrace more of its recent gains as Mr Kohn speaks.
Canadian Dollar drops as BOC’s steps up efforts.
ZEW survey of investor headlines an otherwise quiet EU economic data docket.
BOE Financial Policy Committee Donald Kohn is scheduled to speak. The remarks will be on policy implementation and so are unlikely to address the economic outlook or monetary directly. However, Kohn may cite a recent tightening of UK financial conditions with some concern, implying a constraint on future rate hikes. That may weigh a bit on the British Pound.
The Canadian Dollar dropped in Asia Pacific session across the G10 FX space.
The US Dollar edged a bit lower, seemingly correcting after yesterday’s similarly tepid advance. Indeed, price action remained contained well within the boundaries prevailing over the preceding 48 hours.
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