Flash: EUR/USD unaffected by German Ifo - OCBC Bank

FXstreet.com (Barcelona) - Emmanuel Ng of OCBC Bank notes that ECB board member Amussen reiterated that interest rates should stay low levels for an extended period of time while the EUR/USD failed to garner any significant mileage from the better than expected German Ifo readings.

Key Quotes

“The pair however managed to recover from intra-day lows to end a touch on the day above 1.3380.”

“It remains to be seen if the EUR/USD can continue to weather any escalation of global jitters, but in the interim, the pair may continue to contemplate the 1.3400 ceiling with subsequent resistance expected towards 1.3420.”