Flash: EUR/USD could take a break today - Danske Bank

Danske Bank analysts feel that EUR/USD could be set to have a slow day today.

They feel that following yesterday's broad-based USD rise on strong data and Draghi failing to precommit to further easing, investors could see EUR/USD take a breather on a day with little in the calendar to drive the cross ahead of key Fed speeches later this week. They write, “While sentiment remains fragile not least in emerging markets, some first signs of a stabilisation in risk markets may be underway with notably China worries calming slightly yesterday.”