Flash: EONIA rates pressuring EUR/USD - Danske Bank

FXstreet.com (Barcelona) - Danske Bank Strategists comments that focus continues to be on the rising Eonia rates that overall support the euro through relative rates.

Key Quotes

“As long as the Eonia rises we should expect upward pressure on EUR/USD. Otherwise the FX markets will focus on the US numbers to get an idea of how the bad weather affected numbers in December.”

“We also note that NOK/SEK came under renewed pressure yesterday. We believe that relative rates will support the cross going forward.”