FXStreet (Guatemala) - Jane Foley, Senior Currency Strategist at Rabobank explained that the ECB President Draghi will also be present at the Jackson Hole event, and eye the EUR lower 12 months view.



Key Quotes:



“In contrast to his US counterparts, he comes to the conference following a trail of weak economic releases from core Eurozone nations”.



“This morning, German August PMI data are modestly softer than the previous month’s data, this follows a weak German GDP report for Q2 and ongoing fears about the impact of Russian sanctions on both Germany and the broader Eurozone economy”.



“Although the ECB’s TLTROs are yet to start, there is a strong likelihood that the ECB will again warn about the risk of further policy easing. We expect EUR/USD to trend towards 1.28 on a 12 mth view and would look to sell rallies in EUR/USD.



You May Also Like

COMPANIES IN THIS ARTICLE
Related Forex Analysis
  1. Forex News

    EUR/USD awaits steady the Greek referendum

  2. Forex News

    EUR/USD drops to 1.1095-1.11 band

  3. Forex News

    EUR/USD: Bullish bias might end below 1.1090 – FXStreet

  4. Forex News

    Euro Faces Weekend Gap Risk with Greek Referendum Sunday

  5. Forex News

    EUR/USD ignores Eurozone retail sales

Trading Center
×

You are using adblocking software

Want access to all of Investopedia? Add us to your “whitelist”
so you'll never miss a feature!