EUR/USD treading water around 1.3600
FXstreet.com (Edinburgh) – The EUR/USD now looks to stabilize around the 1.3600 handle on Thursday amidst thin trade and scarce volatility due to the US holiday.
EUR/USD extends the recovery
The pair already recovered the ground lost post-ECB rate cut on November 7th, advancing more than 3-big figures since lows sub-13300 so far, ahead of tomorrow’s key EMU’s advanced inflation figures. Market consensus expects consumer prices to expand 0.8% on a yearly basis and Core prices would follow suit, 0.8% year-on-year. Analysts at TD Securities observed, “ In a broad sense, we remain fundamentally bearish on the EUR (vs. the …read more