After markets crashed and tried to stabilize, the focus shifts to one of the more stable pairs of late: EUR/USD. Tension towards the ECB kept it in range, but now the wait is over. While no action is expected, Draghi’s dilemma is:to jump into the global currency wars in order not to lose them or refrain from saying something that would endanger his credibility after the disappointing reaction last time.
Here is the wrap up of the morning show:
