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Forex pairs in this Article » EUR/USD
FXstreet.com (Bali) - According to Camilla Sutton, CFA, CMT, Chief FX Strategist at Scotiabank, EUR should remain resilient near term.

Key Quotes

"EUR was strong, initially rallying on better than expected German IFO (risingto 108.9—a two‐plus year high) and an encouraging German growth outlook from the Bundesbank; however gains were short lived and EUR is entering the week essentially where it closed on Friday."

"The highlight this week will be Friday’s CPI estimate for January, expected to rise to 0.9% y/y on both headline and core. Any disappointment will put the ECB in a position to launch a more aggressive monetary policy."

"This weekend, President Draghi suggested (see FT article in Suggested Readings) that the ECB would consider quantitative easing, potentially with the ECB buying packages of private sector bank loans. This would be Euro‐Area positive; but should provide a weight to EUR."
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