What is driving the Euro up despite the disappointing Eurozone data?

What is driving the Euro up despite the disappointing Eurozone data?

The Euro (EUR) maintains its positive tone against the US Dollar (USD) on Monday, with the EUR/USD pair trading near 10-day highs above 1.1600. The positive market sentiment amid the US-Iran peace deal and the lower Oil prices has offset the weak Eurozone Industrial Production and Trade Balance data seen earlier on the day. Factory […]

Euro: ECB speakers guide expectations – ING

Euro: ECB speakers guide expectations – ING

Chris Turner at ING says the Euro’s focus this week is on European Central Bank communication after last week’s rate hike, with markets assigning only a small probability to another move in July. Source link