Back

Forex Flash: EUR/USD would keep the current levels near-term – Rabobank

The bloc currency clings to the key level at 1.3100 on Wednesday, after better data from the euro area improved the sentiment and pushed the cross from the mid 1.30s.

In the view of Jane Foley, Chief Currency Strategist at Rabobank, today’s move lower in the peripheral bond markets may hint at the idea that the recent sell-off in the cross could represent a buy opportunity.

“While the EUR’s fundamentals have weakened on the back of the Italian election result, in an environment in which the Fed continues to maintain open-ended QE it will be very difficult for the USD to gain upside traction. We expect that EUR/USD could remain in a jittery range around current levels in the weeks ahead”, Foley concluded.

. Forex Flash: Chaotic euro overshadows positives in the region – ANZ

At the time of writing, inconclusive Italian elections have pushed the euro lower after a rapid rise to start off 2013. According to the ANZ Research Team, “This may run further near-term, but chaotic as it appears, Italy is not Greece. It is forecast to run a primary budget surplus around 5% of GDP this year and is returning to a current account surplus.”
Read more Previous

Forex Flash: EUR/USD: Rise to 1.3150 won't really improve the technical tone - BBH

The euro has been largely confined to yesterday's range and this is consistent with the signal coming from the 2-year differential between the US and Germany, according to the BBH analyst team. "That spread rose to 17 bp yesterday, the highest US premium since January 9. The driver of the spread is the German leg and today the Germany 2-year is flat".
Read more Next