According to analysts at OCBC Bank, the slowing economic momentum in Europe is the main concern for the ECB which is likely to result in cautious guidance before summer 2019 and is going to affect the EUR going forward.
Key Quotes
“Expect ongoing political issues (Italy or otherwise) to plague the EUR.”
“Overall, the EUR-USD may still be attempting to find a bottom in 1Q 2019. Further out, expect the EUR-USD to be driven by the relative stances between the ECB and Fed.”
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