EUR/USD down on divergence, watch out for China [Short

This is the wrap up of the full morning show we published earlier.  EUR/USD remains in focus on monetary policy divergence, with officials pulling the strings in different directions: the dollar is strengthening on reassuring talk of a December hike while the euro suffers from QE talk. The moves of these currencies are not limited to EUR/USD. For the next 24 hours, the big event to watch is Chinese’ manufacturing PMI, which is initially the key for AUD and later for all the world.

Original publication is here.

Leave a Reply

Your email address will not be published. Required fields are marked *