Royal Bank of Scotland - "What drives EUR higher is potentially some combination of: a late flood of money into Southern Europe; tightening liquidity in Euro zone money markets unless/until ECB actually eases; a robust Euro zone current account surplus; and the possibility of more reserve manager diversification demand for EUR.
(...) A global FX pain trade for the next few weeks is still EUR/USD higher to/through 1.40. (...) Any EUR/USD upside over coming weeks is likely to be limited and multi-month, we continue to forecast EUR/USD lower. A hig her currency would almost certainly be met with a new barrage of verbal intervention."

Views: 70

Tags: EUR higher, EUR/USD, EURUSD, RBS, Royal Bank of Scotland

Comment

You need to be a member of Forex Social Network to add comments!

Members

Join us on Facebook Now!!!

Hi everyone

This website was closed June 2nd 2015.

Please, join us now at Facebook where you can keep sharing your thoughts about Forex with our community of traders:

https://www.facebook.com/superfxnews

OVER 2,500 READERS!!!!

© 2015   Created by FXStreet.

Badges  |  Report an Issue  |  Terms of Service

Offline

Live Video