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EUR/USD has stuck to a ~10-pip range....>

EURO-DOLLAR
EURO-DOLLAR: EUR/USD has stuck to a ~10-pip range thus far, last ~$1.1510, after
EUR/USD was dragged from its $1.1543 peak on Thursday as MNI sources reported
that the ECB could be considering a Fed twist-like operation.
- Thursday also saw the Italian government formally target GDP growth of 1.5% in
2019, 1.6% in 2020 & 1.4% in 2021, which many view as optimistic.
- Late Thursday ECB's Coeure stated that the "ECB sees a gradual build-up in
price pressures" and that the Bank "needs a bit more time to stabilize inflation
around 2%."
- Despite reclaiming the $1.1500 level the pair's recovery lacks momentum and
the broader downtrend remains intact.
- Comments from ECB's Knot & de Guindos will headline on Friday, with the
Italian budget situation remaining front and centre.
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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