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After reports on Tuesday suggested......>

EURO-DOLLAR
EURO-DOLLAR: After reports on Tuesday suggested that the ECB's June 14 meeting
was very much 'live' re: discussing the ending of the Bank's QE programme later
this year, the ECB's Chief Economist Praet appeared to confirm the prospect on
Wednesday, stating that it is "clear the ECB will have to assess an APP unwind
next week." Praet's comments, and some accompanying signals from ECB's Weidmann,
Knot & Hansson have added further fire to EURUSD's recovery from the 2018 low
printed last week.
- EURUSD hit 1.1800 overnight, which coincides with the 1% envelope 10-DMA, with
additional resistance seen at 1.1802/10, representing hourly resistance/61.8%
retracement of the move from 1.1996-1.1510. The pair last deals at ~1.1790.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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