24 Jul 2015
EUR/USD range bound in the near term – Danske Bank
FXStreet (Edinburgh) - According to Kristoffer Lomholt, Analyst at Danske Bank, the pair might attempt a consolidative pattern in the near term.
Key Quotes
“In FX markets, the EUR/USD dropped on the back of yesterday’s better-than-expected US jobless claims figures”.
“The gain, however, proved temporary as the cross rebounded and currently hovers just below the 1.10 level”.
“While we expect a lower EUR/USD in the coming months on not least a re-pricing of Fed monetary policy, the cross is likely to remain range bound near term in the current environment”.
Key Quotes
“In FX markets, the EUR/USD dropped on the back of yesterday’s better-than-expected US jobless claims figures”.
“The gain, however, proved temporary as the cross rebounded and currently hovers just below the 1.10 level”.
“While we expect a lower EUR/USD in the coming months on not least a re-pricing of Fed monetary policy, the cross is likely to remain range bound near term in the current environment”.