Flash: EUR/USD continues lower despite improved risk sentiment - Danske Bank

FXstreet.com (Barcelona) - Danske Bank strategists note that EUR/USD continued to trade lower yesterday despite improved risk sentiment.

Key Quotes

“The move lower in EUR/USD indicates that the cross is currently trading on whether or not the Fed will start its tapering this month.”

“Hence, near-term risks still look skewed to the downside for EUR/USD as a September tapering, in our view, looks very likely and as trading accounts, according to the latest IMM data, are speculatively long EUR at the moment.”