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EUR/USD languishes below 1.1850 following weak Eurozone sentiment data
The Euro (EUR) remains offered against the US Dollar (USD) for the second consecutive day on Tuesday. The pair’s recovery attempt from fresh one-week lows at 1.1828 remains capped below the 1.1850 line so far, amid a broader downtrend from 1.1925 highs last week.
Fxstreet
Tue, Feb 17
NZD/USD Price Forecast: Aims to revisit 0.6100 in countdown to RBNZ policy
The NZD/USD pair trades marginally higher to near 0.6040 during the European trading session on Tuesday. The Kiwi pair edges up as the New Zealand Dollar (NZD) ticks higher ahead of the announcement of the Reserve Bank of New Zealand’s (RBNZ) interest rate policy on Wednesday.
Fxstreet
Tue, Feb 17
EUR: Stronger reserve role supports upside – Commerzbank
Commerzbank’s Thu Lan Nguyen discusses political concerns about Euro strength if it increasingly replaces Dollar as global reserve currency. She notes the Eurozone’s current account surplus could drive sustained appreciation, but past periods combined a strong Euro with respectable growth.Fxstreet
Tue, Feb 17
USD/CAD: Range trade with softer Canada CPI – BBH
Brown Brothers Harriman’s (BBH) Global Head of Markets Strategy Elias Haddad expects Canadian inflation to ease in January, supporting a steady Bank of Canada policy rate at 2.25% for some time. The bank’s projections point to inflation near target in Q1.
Fxstreet
Tue, Feb 17
EUR/USD Forecast: Euro weakens as risk mood sours
EUR/USD struggles to find a foothold and trades at a fresh weekly low below 1.1850 after closing in negative territory on Monday. In the absence of high-impact data releases, the risk-averse market atmosphere could make it difficult for the pair to stage a rebound.Fxstreet
Tue, Feb 17
GBP/JPY plummets to near 207.50 as UK labor market deteriorates
The GBP/JPY pair is down almost 0.85% to near 207.50 during the European trading session on Tuesday. The cross faces intense selling pressure as the Pound Sterling plunges after the release of the United Kingdom (UK) labor market data for the three months ending in December.
Fxstreet
Tue, Feb 17
EUR/GBP rallies to 0.8725 as weak UK jobs data lifts BoE rate cut bets and undermines GBP
The EUR/GBP cross gains some positive traction for the second straight day and rallies to a fresh daily high, around the 0.8725 region, during the early European session in reaction to disappointing UK jobs data.Fxstreet
Tue, Feb 17
USD/CHF faces slight pressure near 0.7700 ahead of opening of US markets
The USD/CHF pair trades marginally lower to near 0.7690 during the European trading session on Tuesday. The Swiss Franc pair faces slight selling pressure, while the US Dollar (USD) trades broadly calm ahead of the opening of United States (US) markets after an extended weekend.
Fxstreet
Tue, Feb 17
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