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10 Mar 2014
Flash: EUR/USD eyes on Sentix Survey - UOB Group
FXStreet (Barcelona) - Lee Sue Ann, Market Strategist at UOB Group notes that EUR/USD remained resilient in the past week as the bout of mixed economic data took a backseat to the ECB’s policy meeting on Thursday.
Key Quotes
“The central bank left policy rates unchanged, and refrained from taking any additional policy measures. Although the ECB has not shut off the possibility of taking action at some stage, ECB President Mario Draghi made clear there is little need right now, and that the ECB does not want to simply just inject more liquidity into the Eurozone banking system.”
“This paved the way for the EUR/USD to climb above the 1.3900-figure. This week, the focus will be the March Eurozone sentix investor sentiment survey on Monday and aggregate Eurozone industrial production data for January on Wednesday. The March ECB monthly bulletin is also published this week, whilst final February national inflation statistics will be published in Germany and France.”
Key Quotes
“The central bank left policy rates unchanged, and refrained from taking any additional policy measures. Although the ECB has not shut off the possibility of taking action at some stage, ECB President Mario Draghi made clear there is little need right now, and that the ECB does not want to simply just inject more liquidity into the Eurozone banking system.”
“This paved the way for the EUR/USD to climb above the 1.3900-figure. This week, the focus will be the March Eurozone sentix investor sentiment survey on Monday and aggregate Eurozone industrial production data for January on Wednesday. The March ECB monthly bulletin is also published this week, whilst final February national inflation statistics will be published in Germany and France.”