What to look for around EUR
Euro bulls regain the upper hand and push EUR/USD further north of the 1.0200 hurdle in response to renewed upside traction following the FOMC event on Wednesday.
Price action around the European currency, in the meantime, is expected to closely follow dollar dynamics, geopolitical concerns, fragmentation worries and the Fed-ECB divergence.
On the negatives for the single currency emerges the so far increasing speculation of a potential recession in the region, which looks somewhat propped up by lower sentiment readings and the renewed downtrend in some fundamentals.
Key events in the euro area this week: EMU Final Consumer Confidence, Economic Sentiment, Germany Flash Inflation Rate (Thursday) – Germany Unemployment Change, Unemployment Rate, Flash Q2 GDP, EMU Flash Inflation Rate, Advanced Q2 GDP (Friday).
Euro bulls regain the upper hand and push EUR/USD further north of the 1.0200 hurdle in response to renewed upside traction following the FOMC event on Wednesday.
Price action around the European currency, in the meantime, is expected to closely follow dollar dynamics, geopolitical concerns, fragmentation worries and the Fed-ECB divergence.
On the negatives for the single currency emerges the so far increasing speculation of a potential recession in the region, which looks somewhat propped up by lower sentiment readings and the renewed downtrend in some fundamentals.
Key events in the euro area this week: EMU Final Consumer Confidence, Economic Sentiment, Germany Flash Inflation Rate (Thursday) – Germany Unemployment Change, Unemployment Rate, Flash Q2 GDP, EMU Flash Inflation Rate, Advanced Q2 GDP (Friday).