FXStreet (Edinburgh) – Analysts at BBH have assessed the current stance of the pair.
Key Quotes
“The euro rose steadily through the Asian session and poked through $1.1400 for the first time since mid-September”.
“It was sold off in the European morning, falling to about $1.1365 before finding a good bid”.
“We note that although ECB officials have emphasized the flexibility of its asset purchase program, many officials (including most recently Coeure and Mersch) have played down the urgency”.
“The wait and watch mode prevails”.
(Market News Provided by FXstreet)