The euro spiked up during the European afternoon, following a report saying that next week’s ECB meeting could end up with an announcement on the timing of a QE-end. The Loonie got hit by Kudlaw’s comments that Trump is considering holding separate trade talks with Canada and Mexico. The pound was the best-performing G10 currency following the better-than-expected UK services PMI.
EUR Rebounds on QE-end Reports; CAD Gets Hit by Comments on Splitting NAFTA Talks
The euro traded mixed against its G10 peers on Tuesday. It gained against JPY, CAD and USD in that order, while it underperformed versus GBP and CHF. The common currency ended the day virtually unchanged versus AUD, NZD, SEK and NOK.
The euro has been in a sliding mode against its US counterpart during the European morning yesterday, but spiked higher later in the afternoon following a report citing sources saying that at next week’s meeting, ECB policymakers are likely to...
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