26 Mar 2014
EUR/USD: 1.3730 - 1.3870 range expected - OCBC
FXStreet (Bali) - Emmanuel Ng, FX Strategist at OCBC Bank, expects the EUR/USD to trade in a 1.3730 - 1.3870 range.
Key Quotes
"March German IFO data points were mixed although the pair managed to hold up despite attempts by the ECB to remind the markets that further monetary accommodation remained an option."
"Although we do not detect undue discomfort towards the EUR’s latest strengthening from the ECB at this juncture, yesterday’s concerted effort at jawboning (on the potential for looser policy) may well warrant some attention going ahead. We remain on the sidelines with respect to the pair within a 1.3730 - 1.3870 range."
Key Quotes
"March German IFO data points were mixed although the pair managed to hold up despite attempts by the ECB to remind the markets that further monetary accommodation remained an option."
"Although we do not detect undue discomfort towards the EUR’s latest strengthening from the ECB at this juncture, yesterday’s concerted effort at jawboning (on the potential for looser policy) may well warrant some attention going ahead. We remain on the sidelines with respect to the pair within a 1.3730 - 1.3870 range."