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Euro eyes chart resistance before Lagarde speech, rand bounces

From reuters.com

The euro edged down on Monday as investors awaited Christine Lagarde’s first speech as European Central Bank president, but hopes that the United States may choose not to impose tariffs on auto imports kept it near its highest level in weeks. Lagarde gives her first speech on Monday as ECB chief, and markets are assuming she will stick with the easy policy script of her predecessor, Mario Draghi. U.S. Commerce Secretary Wilbur Ross said in an interview published on Sunday that Washington may not need to impose tariffs on imported vehicles later this month after holding “good conversations” with automakers in the ... (full story)

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  • Category: Fundamental Analysis