Flash: EUR/USD: environment seems positive – Commerzbank

FXstreet.com (Córdoba) – So far EUR/USD has not been much affected by speculation regarding a renewed ECB rate cut while structural difficulties in the euro zone are not being taken into consideration either, according to Lutz Karpowitz, analyst at Commerzbank.

Key Quotes

“The possibility of a further ECB rate cut had not really caused much suffering for the EUR even prior to the publication of the price data”.

“Even though ECB officials had repeatedly considered such a step possible, the FX markets seem to be aware of the fact that a central banker cannot exactly answer a question of that nature …read more