The selling bias prevails around the European currency on Wednesday and is now motivating EUR/USD to extend the sideline theme in the low-1.1700s.
EUR/USD looks to trade, ECB-speak
The pair is down for the second day in a row, extending the rejection from Mondayâ€™s tops in the boundaries of 1.1800 the figure against the backdrop of increasing concerns over the US-China trade war.
In fact, the risk aversion sentiment re-emerged among traders after the US threatened to impose an extra $200 billion tariffs on Chinese products and the subsequent retaliatory answer by China, all rendering in moderate losses in Asian markets earlier today.
Looking ahead, ECBâ€™s M.Draghi, Y.Mersch, P.Praet and D.Nouy are due to speak in an ECB event, whereas Juneâ€™s Producer Prices and the weekly report by the EIA are only due across the pond.