Flash: EUR/USD supported by EZ PMIs - OCBC Bank

FXStreet (Barcelona) - Emmanuel Ng, FX Strategist at OCBC Bank notes that the turnout for EZ PMIs released on Mon proved supportive for the common currency with the slightly shaky dollar also underpinning EUR/USD.

Key Quotes

“The spectre of deflation may continue to serve as an overhang ahead of the ECB this Thu, especially with PPI data also due today.”

“Expect 1.3565 to cap in the interim while 1.3485 is expected to provide initial support before 1.3450.”