Forex Flash: EUR/USD continuing to drift modestly higher - BTMU

By FXstreet.com | January 17, 2013 AAA

FXstreet.com (Barcelona) - According to Bank of Tokyo-Mitsubishi UFJ's Global Markets Research Team: "The euro is continuing to drift modestly higher against the US dollar following last week's ECB meeting at which President Draghi dampened monetary easing expectations in the near-term," the analysts say.



"An attempt to talk down the euro by Eurogroup Chair Juncker, who meet in the week ahead, will likely only help to dampen upside in the near-term without support from further ECB policy easing," they add.



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