Flash: Don't expect much from EUR/USD post FOMC - Danske Bank

FXstreet.com (Barcelona) - Danske Bank strategists note that today’s main event will be the release of the FOMC minutes from the July meeting.

Key Quotes

“The report might not trigger any significant moves in EUR/USD, as the QE tapering in itself is not enough to start a bigger dollar appreciation, which - in our view - will require support from relative rates stemming from a steepening of the US money market curve.”

“However, indications in the FOMC minutes that tapering is moving closer could weigh on risk sentiment and lead to further near-term suffering for EM currencies.”