Flash: Negative rates hang over EUR/USD - OCBC Bank

FXstreet.com (Barcelona) - Emmanuel Ng, FX Strategist at OCBC Bank notes that despite Draghi’s comments late last week, the specter of negative interest rates in the EZ may continue to hang over the EUR with board members Coeure and Asmussen not ruling out such measures if the need arose.

Key Quotes

“Look towards EZ inflation numbers on Friday, with the previous reading tripping the common currency lower.”

“On the CFTC front, net speculative EUR longs dipped further in the latest week and the pair may continue to be a function of ECB and Fed rhetoric pending further data points from both sides of the Atlantic.”