EUR is looking vulnerable – HSBC

In view of analysts at HSBC, tactically, the EUR is looking vulnerable as the rally this year has been impressive but August has seen some of the upward momentum fade.

Key Quotes

“Positive news is generating less of an impact and the latest batch of ECB minutes show a growing disquiet with EUR strength. Such sentiments could be repeated by ECB President Draghi in upcoming speeches, including at the high profile Jackson Hole symposium.”