FXstreet.com (Edinburgh) – The single currency remains well bid on Thursday, with the EUR/USD now holding steady around the 1.3600 handle post-EMU data.
EUR/USD muted on EMU releases
The pair remained mostly indifferent after confidence/sentiment gauges in the EMU exceeded expectations during November. Amongst the most relevant ones, Consumer Confidence climbed to 15.4 vs. -15.4 expected while Economic Sentiment bettered to 98.5 vs. 98.0 previously estimated. Next on tap will be the German advanced inflation figures, with -0.1% MoM and 1.3% YoY expected. In light of the softer EMU’s credit data published earlier, Analyst Peter Vanden Houte at ING assessed, …read more