• Very high correlation between spot EUR/USD and equity sentiment likely to continue - Danske

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14 September 2021

Very high correlation between spot EUR/USD and equity sentiment likely to continue - Danske

eFXdata reports that Danske Research discusses EUR/USD outlook.

"With Fed in its silent period (ahead of the FOMC meeting) and ECB done, we are likely to continue to see a very high correlation between spot EUR/USD and equity sentiment. This week, focus will turn to the release of US CPI, retail sales and US regional surveys, with the latter being leading indicators of ISM manufacturing. In our view, it will be the correlation between these data releases and global equities which is likely to set the mood in EUR/USD over the week," Danske adds.

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