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Flash: EUR/USD bias turns bearish – TD Securities

FXstreet.com (New York) – A quiet European morning devoid of data has kept the EUR/USD price action very narrow along with the theme across the FX space, notes the TD Securities Team.

Key quotes

“That has left the overall consolidative tone that has persisted over the past two weeks still intact. US data was the only clear catalyst for the pair today, while the European data highlights for the week include German IFO survey tomorrow, German unemployment and EZ credit data on Wednesday and EZ CPI on Friday.”

“German-US short term spreads remain near the lows for the year (EUR/USD supportive) and …read more