FXStreet (Edinburgh) – According to Kristoffer Lomholt, Analyst at Danske Bank, today’s tone by M.Draghi could cap occasional bullish attempts in EUR/USD.
Key Quotes
“Greece will clearly stay in focus but so will Draghi’s comments on the frontloading of QE purchases at today’s ECB press briefing: while seasonality has been provided as the reason for bringing forward purchases, any hints that the sharp rise in rates late April-early May is not to be tolerated should help to limit upside to EUR crosses from here”.
(Market News Provided by FXstreet)