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2 Oct 2013
Flash: EUR/USD risks look to be tilted lower today - Westpac
FXstreet.com (Barcelona) - According to Sean Callow, FX Strategist at Westpac, EUR/USD risks look to be tilted lower for the around the ECB press conference later today.
Key Quotes
"There is no expectation of a policy change by the ECB today but the press conference is always a potential source of EUR volatility."0
"Last month President Draghi was more gloomy than expected and a rate cut was discussed."
"With EUR/USD near highs dating to February, euro strength could be another topic. Risks look to be tilted lower for the euro around the press conference."
Key Quotes
"There is no expectation of a policy change by the ECB today but the press conference is always a potential source of EUR volatility."0
"Last month President Draghi was more gloomy than expected and a rate cut was discussed."
"With EUR/USD near highs dating to February, euro strength could be another topic. Risks look to be tilted lower for the euro around the press conference."