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- The euro is likely to be stagnant "because investors will probably be reluctant to take action ahead of the EU Commission's expected response to the Italian budget draft tomorrow," says UniCredit
The euro is likely to be stagnant "because investors will probably be reluctant to take action ahead of the EU Commission's expected response to the Italian budget draft tomorrow," says UniCredit
The euro is likely to be stagnant "because investors will probably be reluctant to take action ahead of the EU Commission's expected response to the Italian budget draft tomorrow," says UniCredit. Euro is last trading slightly higher at $1.1464 and it is likely to consolidate around 1.14 "as market caution and softer U.S. data are raising doubts about more Federal Reserve rate hikes," UniCredit says. This favors "some spread tightening against Europe, which is also helping to reduce selling pressure on the common currency" - via WSJ.
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