EUR/USD could come under renewed pressure – Danske Bank

Chief Analyst at Danske Bank Allan von Mehren noted spot could face some downside risks coming from this week’s calendar.

Key Quotes

“ECB-Fed divergence could come back into focus for EUR/USD today with a range of speakers out from both sides including notably the ECB’s Mario Draghi: we continue to stress that the cross is vulnerable to USD-positive news and would expect to see downside materialise this week as Fed members confirm a December hike is on the cards and that the ECB is keen to avoid adding fuel to the fire under EUR near term”.