Flash: Weak euro, with eyes on next week's inflation print-Scotiabank

FXstreet.com (Barcelona)-Camilla Sutton, Chief FX Strategist at Scotiabank notes that USD is weak, 0.2% on a broader USD strengthening move downwards.

Key quotes

"Fundamental Data were mostly second level, with in?ation next week print a imminent risk of key".

"Highlighting one of the several factors which supported the euro this year is shrinking in the ECB's budget partly led by LTRO refunds (with the ECB today announced that € 23bn LTRO will be repaid next week); While the Fed's balance sheet continues to grow at a rate of $ 85bn per month ".

"As we move towards the sounds of preparation of AQR and repatriation are likely to increase."

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