EUR/USD still muted despite bad inflation data: Here is one reason why
Article out on Bloomberg stating that the ECB will probably just look through these bad results as they were distorted by the timing of Easter.
This seems to be the reason for the muted EUR/USD reaction. Normally a bit of a sell off would be in order. However, all of you ForexLive readers won’t be surprised as Justin has been warning of this anomaly since last month.
Check out his post earlier this week.
Check out his post earlier this week.
Also, NFP tomorrow, so that is going to have some restraint on traders soon before we settle into a pre-NFP narrow range.
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