26 Nov 2014
What’s the sentiment around EUR/USD today? – Danske Bank and OCBC Bank
FXStreet (Edinburgh) - EUR/USD is recovering the upper-1.2400s after Friday’s deep pullback, ahead of the US data releases.
“We expect EUR/USD to grind lower on monetary and growth divergence. We expect the ECB to reach for more tools in early 2015, paving the way for further EUR weakness”, signaled Thomas Harr, Chief Analyst at Danske Bank.
Furthermore, FX Strategist at OCBC Bank Emmanuel Ng argues “we think the slight EUR uptick this week may have more t to do with a lack of a stronger dollar impetus (which may well reawakened given the heavy US data flow tonight) and if 1.2500 is not breached meaningfully, expect the 1.2350-1.2400 zone to continue to beckon”.
“We expect EUR/USD to grind lower on monetary and growth divergence. We expect the ECB to reach for more tools in early 2015, paving the way for further EUR weakness”, signaled Thomas Harr, Chief Analyst at Danske Bank.
Furthermore, FX Strategist at OCBC Bank Emmanuel Ng argues “we think the slight EUR uptick this week may have more t to do with a lack of a stronger dollar impetus (which may well reawakened given the heavy US data flow tonight) and if 1.2500 is not breached meaningfully, expect the 1.2350-1.2400 zone to continue to beckon”.