With many investors calling for an ECB rate cut or a new LTRO at Thursday’s meeting, Michael Hewson discusses why he is not convinced and what the outlook may be for the euro.
- EUR/USD dropping significantly and posted a bearish engulfing week, but needs a break below $1.3450
- GBP/USD rising as construction PMI data beats expectations
- USD/JPY seeing a tighter and tighter range but no indication of a break out yet
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Video content by Michael Hewson of CMC Markets.
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