Flash: EUR/USD sidelined until ECB? - Danske Bank

FXStreet (Barcelona) - Sverre Holbek, Senior Analyst at Danske Bank expects to see EUR/USD sidelined ahead of tomorrow's ECB meeting where we see a good chance of an ECB refi cut sending the cross lower.

Key Quotes

“USD may be challenged today, however, if the US non-manufacturing ISM turns out less upbeat than we project following the weak manufacturing reading earlier this week.”

“However, if the market manages to see through any weather-related downside to US figures, we should be in for a leg lower in EUR/USD also from the US side; another soft payroll report on Friday could, however, delay such a move.”