NunoBelemFX

EURUSD UPDATE 23/10

Short
FX:EURUSD   Euro / U.S. Dollar
"The Euro is trading little changed in the upper 1.1400 amid stock market selloff in Europe following 2% slump in equities in Asia that sees investors seeking have havens. Meanwhile, the Italian government is ready to adjust 2019 budget plans if markets react negatively with German versus Italian government bond spread rising back above 300 basis points and German factory gate inflation picked up to 3.2% y/y in September.

Although the beginning of the week is data empty, the ECB Governing Council meeting headlines the week on Thursday. "

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