EUR/USD, EUR/JPY Hit by ECB FX Worry, Still Awaiting Risk
The EURUSD is starting to fall back into line with the dollar - the first step of a potentially bigger trend. This past session, the unique and haughty Euro (hoisted as the ECB tightens its stimulus efforts while the rest are still increasing) was delivered a blow by ECB President Draghi. Using language now ubiquitous amongst a stimulus-dependent market, the policy verbally leaned on the currency. This carries substantial influence over the euro pairs, but it is also a potentially critical development for the dollar as well. We discuss these factors along with the still-missing ingredient of risk trends in today's video.
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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.