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Eurogroup’s Centeno: Temporary slowdown expected in eurozone

  • It's not sounding good out there for European fundamentals. 

We have Eurogroup’s Centeno saying so,"European fundamentals are very strong" accompanied by a " temporary slowdown expected in the eurozone."

Then, we also have Germany's Spiegel reporting that the German government has revised down 2019 GDP forecast to 0.5% from 1%.

 

 

USD/CAD steadies below 1.34, adds more than 50 pips today

After spending the majority of the day moving sideways in a tight range above the 1.33 mark, the USD/CAD pair rose sharply in the early NA session and
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