20 Jul 2015
EUR/USD expected to test 1.02 – Danske Bank
FXStreet (Edinburgh) - Chief Analyst at Danske Bank Kasper Kirkegaard sees the pair visiting the 1.02 area in the medium term.
Key Quotes
“The USD continues to strengthen with the DXY index trading at its highest since April”.
“EUR/USD moved back below 1.09 last week and has continued to move lower in Asian trading this morning. Our FX strategists expect further EUR depreciation and target 1.02 as Greek implementation risks remain, relative monetary policy remains dollar supportive and equity hedging flows are expected to weigh on the EUR”.
Key Quotes
“The USD continues to strengthen with the DXY index trading at its highest since April”.
“EUR/USD moved back below 1.09 last week and has continued to move lower in Asian trading this morning. Our FX strategists expect further EUR depreciation and target 1.02 as Greek implementation risks remain, relative monetary policy remains dollar supportive and equity hedging flows are expected to weigh on the EUR”.