EUR/USD deflationary risk increases – FXStreet

FXStreet (Edinburgh) - Currency Analyst Valeria Bednarik at FXStreet notes volatility in the EUR/USD remains scarce ahead of the ECB gathering.

Key Quotes

“Earlier today, data showed a shy improvement in GDP readings for the euro area, albeit PPI numbers disappointed: again, deflationary risks come to the table, one day ahead of ECB meeting”.

“But market players are still on hold, and the situation will likely prevail for all of this Wednesday, and hopes of a directional move are now delay for after the meeting”.