drifts but underlying support from narrower spreads remains intact, Shaun Osborne, Chief FX Strategist at Scotiabank, reports.“Given elevated core inflation data, it seems likely to me that policy hawks will continue to push for rate hikes outside of more severe market turmoil. A 25 bps hike is more or less fully priced in for May 4th at this point.
“A break under 1.0880 support would imply the risk of a short-term dip at least in the EUR back to the 1.08 area. Broader trends remain EUR-bullish, however, implying the EUR should find firm support on dips.”Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: FXStreetNews - 🏆 14. / 72 Read more »