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#1 04-12-2017 09:35:38

johnedward
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EUR/USD: US policy and NFP report could impact pair this week (Danske)

EUR/USD: US policy and NFP report could impact pair this week (Danske Bank)


http://www.forex-central.net/forum/userimages/LOGO-Danske-Bank.jpg


Danske Bank says that US policy and the NFP report should be monitored this week on the forex.

"The EUR/USD posted a brief rise above 1.19 on Friday after former National Security Adviser Flynn said that Trump had asked him to talk to the Russians.

We do not think the EUR/USD will rise above 1.20 this week, unless the US President gets more pressure - Trump is about to win his first real political victory as tax reform has now passed the Senate.

US policy has the short-term potential to push the USD both up and down, in our opinion.

The week will be calm in terms of euro zone data, but Friday's NFP could be interesting, especially as the Fed seems more and more vigilant regarding the lack of wage growth. We anticipate a rebound in job creation and wage growth, which could weigh down slightly on the EUR/USD."


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