EUR/USD Update – 05/09/2017 (11:00am) – by Arjun Lakhanpal

EUR/USD Update – 05/09/2017 (11:00am): EURUSD traded a relatively tight range yesterday and expect relatively range bound trading ahead of the ECB where they continue to see the risks as relatively balanced with at the margin skew to higher EURUSD with dips likely to be bought on any material sell-off back towards 1.1820 area likely to meet fresh demand.  Focus will be around possible removal of the asymmetry surrounding its asset purchase program, forecasts (growth and inflation) and the currency strength.