- EUR/USD eases after early spike over 1.2200.
- ECB’s C.Lagarde said the ECB is following the exchange rate.
- EMU’s Industrial Production Nov. MoM expanded 2.5%
The Euro failed to hold earlier gains, EUR/USD slips back to 1.2170.the daily low.
EUR/USD weaker on ECB, USD-recovery
EUR/USD failed to move over 1.22 and recedes back to 1.2170.USD-bulls retake control on Wednesday while dovish ECB-talk fuels the downside. The ECB President Christine Lagarde said that the central bank is closely monitoring the exchange rates’ performance.
Eurozone Industrial Production expanded at a2.5% in November month on month and contracted 1.4% from a month earlier in Italy.
December’s inflation figures from the US, as measured by the CPI will be in focus.as well as several Fed speeches.