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EUR: euro reacts to positive US sentiment

By Callum Holmes June 20th, 2017

It was a quiet start to the week with no major economic data released from Europe. In terms of currency movements, we saw both the euro as well as sterling weaken against the US dollar as comments from the US were positive.

New York Federal Reserve President William Dudley downplayed low inflation and affirmed his confidence in the US economy. This suggests that he feels interest rates could move up again later this year.

Today is another quiet day from the eurozone with just the current account hitting the wires. Any developments in Brexit negotiations would be of interest too, but these are very early days.