Macroeconomic indicators for EURCHF (long) and EURUSD (long)

12 thg 10, 2017

With eurozone inflation at 2%, the ECB has explicitly mentioned that capital buffers in European banks are large enough to increase the interest rate, prefacing an announcement about the key rate change in October. Speaking in Washington tomorrow, Mario Draghi will likely drop hints about a rate increase, which should have a bullish effect on various EUR pairs (be skeptical on the EURGBP since the Bank of England has also dropped hints that a key interest rate hike could be coming in October). CHF expected to stay weak as traders isolate their positions against geopolitical uncertainty.