EUR/USD: Risks remain skewed to the downside – Danske Bank

In view of Jens Peter Sørensen, senior analyst at Danske Bank, EUR/USD continues to trade modestly lower and will be taking further cues from the upcoming ECB meet tomorrow.

Key Quotes

“The very near-term risks remain skewed to the downside as the ECB in our view is likely to revise its view on the balance of risk to negative tomorrow.”

“EUR/GBP is back at Friday’s low (0.876), aided by a better-than-expected labour market report and further speculation of a GBP-friendly solution to Brexit.”