EUR/USD higher in early Europe after rising on Friday but still gets no love from ECB EUR/USD higher ahead of Sentix Investor Confidence but will the rally continue? The EUR/USD opened higher the week after having dropped for a second week in a row. Elaborating on, the single currency managed to have a “green” day on Friday due to dismal NFP data, but still closed the week lower against the greenback for a second consecutive week, partly on Draghi’s more than expected dovish stance. ECB Draghi seems to remain very cautious about the Euro zone return to growth and not much enthusiastic about recovery in the Euro land. On the opposite side, despite the dismal NFP, the consensus in the market is for the Fed to announce the commencement of gradual tapering in the meeting of 17th and 18th of September. Traders should bear into consideration the Sentix Investor Confidence which will be released at 8.30 GMT hours and a further improvement in sentiment is anticipated. Read more forex news here: lqdmarkets/ForexNews
Posted on: Mon, 09 Sep 2013 08:53:54 +0000
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