EUR/USD weakens further and approaches 1.0800 ahead of Lagarde – by pabspiovano EURUSD Currencies Majors ECB
ECB’s De Guindos leaves the door open to extra rate hikes.Further selling pressure continues to hurt the European currency and forces
As usual in past sessions, the persevering risk-off mood remains propped up by lingering jitters around the US debt ceiling issue, which in turn lends support to the renewed upside bias in the buck. The movement of the euro's value is expected to closely mirror the behaviour of the US Dollar and will likely be impacted by any differences in approach between theMoving forward, hawkish ECB-speak continue to favour further rate hikes, although this view appears in contrast to some loss of momentum in economicEminent issues on the back boiler
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