Wednesday, September 23, 2015

Euro on recovery mode after Nowotny, eyeing Draghi – BBH

FXStreet (Delhi) – Research Team at BBH, note that the euro recovered toward $1.1150, with the help of ECB's Nowotny playing down the urgency of expanding or extending the asset purchase program.

Key Quotes

“Draghi is expected to reiterate the flexibility of the current program before the European Parliament today, while the Bundesbank's Weidmann can be expected to resist such notions when he speaks to a business association in Germany later today. The euro is consolidating after approaching $1.11 in Asia. Key chart support is seen near $1.1080.”
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