The euro got a boost on the prospect of earlier-than-anticipated monetary tightening. A report by Bloomberg said that “Some European Central Bank policy makers are uneasy that investors aren’t betting on an interest-rate hike until December 2019, according to people familiar with the matter. A move in September or October next year is on the cards. EURUSD rose to near 1.1710 early in European session trading before reversing.
Euro on the move
Daily Analysis - 05/07/2018