Flash: EUR/USD is pending further US fiscal developments – OCBC

FXstreet.com (London) - Emmanuel Ng, strategist at OCBC eye’s US fiscal developments as EUR risk for the time being with the ECB out of the way.

Key Quotes:

“In spite of largely supported manufacturing PMIs out of the EZ, the EUR-USD peaked near 1.3580 and retraced lower to end largely unchanged by the end of the global session”.

“The EUR/USD may remain in a supported posture in the near term pending further US fiscal developments
with support seen towards 1.3450 while 1.3570 may cap for now”.