EUR/USD to remain around 1.10 near term – OCBC

FXStreet (Edinburgh) - FX Strategist at OCBC Bank Emmanuel Ng sees the pair gyrating around 1.10 in the short –term, ahead of the ECB and FOMC December meetings.

Key Quotes

“We continue to remain negative on the EUR-USD despite yesterday’s consolidation although the pair may continue to trade on both sides of 1.1000 in the near term pending further cues”.

“In the coming weeks and leading up to Decembers, expect investors to increasingly be preoccupied with the relative outcome of the ECB (3 Dec 15) and the FOMC (16 Dec 15)”.

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