FXstreet.com (Edinburgh) – The shared currency is now losing the grip on Friday, with the EUR/USD putting the key support at 1.3600 to the test.
EUR/USD eyes EMU data
The pair is prolonging its correction lower sparked after overnight peaks beyond 1.3620, ahead of key releases in the EMU: flash consumer prices (0.8% exp.) and the unemployment rate during October (12.5% exp.). According to Senior Analyst Anders Meller Lumholtz at Danske Bank, “High unemployment, weak money and credit growth and lower inflation are keeping pressure high on ECB, though, to deliver more easing. We look for a new 3-year LTRO …read more