Friday, September 4, 2015

CCY Corner: EURO / USD

The kinds of statements ECB President Mario Draghi makes dictates the tone of the Euro as the weaker outlook for the region have again pushed the common currency back towards and below the 1.1200 levels. And this has supported the US Dollar briefly as market sentiments have found bulls a valid reason to stay positive as the US - DXY have stayed within its current levels and formation. However, the focus would be the data on Non-Farm Payrolls would take over the spotlight as data survey has been favorable and would lift the USD whenever it beats market expectations. 

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