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France's Macron: Things have advanced in EU summit, a compromise is likely

"Hopes are there for a compromise but I remain prudent regarding the EU summit outcome," French President Emmanuel Macron said on Monday.

"There have been tense moments but things have advanced in the EU summit and a compromise is likely," Macron added. "I am starting today with a lot of determination to make progress on the EU summit."

Meanwhile, German Chancellor Angela Merkel noted that an agreement was reachable despite difficult negotiations.

Market reaction

The EUR/USD pair edged higher on these comments and was last seen gaining 0.33% on the day at 1.1465.

Canadian dollar to weaken considerably in a 12-month horizon – HSBC

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AUD/USD climbs above 0.7000 as USD remains under pressure

The AUD/USD pair started the new week with a small bearish gap and stretched lower toward 0.6970 area during the Asian session. With the greenback str
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