Stephen Innes, senior broker at OANDA, said the euro rose to five-month high as financial specialists loosened up short fence positions.
"Stream has been totally overwhelmed by euro and euro crosses, however with the European Central Bank in the not so distant future there might be some worry to pursue this move higher," Innes said.
"What's more, there could be a falter step that may temper the euro against the US dollar from moving substantially higher, given the approaching second round of races, and in its face, we could begin to see more serious hazard premiums fabricate."
Innes said markets will likewise rotate to President Trump and issues including charge change after the US President startlingly said on Friday at a Treasury Department occasion that there would be a major declaration on Wednesday.
EUR/USD - Euro US Dollar
No comments:
Post a Comment