EUR/USD to remain steady around the ECB meeting – Danske Bank

Kristoffer Kjær Lomholt, senior analyst at Danske Bank, points out that the US jobs report on Friday failed to move EUR/USD despite a weak wage growth figure initially sending the pair higher.

Key Quotes

“As for this week’s potential movers, we stress the following: signals of rate cuts or QE needed at Wednesday’s ECB meeting (which we do not expect) to move EUR/USD lower, hence, EUR/USD should remain steady around the ECB meeting; further progress in US-China trade talks would be EUR/USD-positive; and finally, a long extension of Brexit is unlikely to be significant for EUR/USD.”