According to analysts at ING, investors this week will be looking to leading Eurozone economic indicators to gauge the ECB’s mood at the mid-September policy meeting.
Key Quotes
“The flash August EZ CPI data (Fri) will be closely watched to see if inflation remains sticky above 2%.”
“Political risks remain a short-term limiting factor for the EUR – with both Turkey and Italy still bubbling in the backdrop. On the former, Turkey’s markets return from holiday – while on the latter, there’s a Fitch review on Italian sovereign debt at the end of the week. These lingering political uncertainties suggest that EUR/USD rallies are likely to be faded fairly quickly.”
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