20 Feb 2015
Credit Agricole: Greek tensions intact even with a deal, sell EUR – eFXnews
FXStreet (Barcelona) - The eFXnews Team shares Credit Agricole’s view of remaining short EUR/USD, as Greece related tensions will likely remain even after an agreement is reached.
Key Quotes
“The EUR remained capped ahead of today’s Eurogroup meeting, in which details of Greece’s loan extension request will be discussed. As Germany has rejected the initial proposal already, uncertainty is likely to remain high.”
“Regardless of today’s outcome we are still of the view that the EUR should be sold as Greece related tensions will likely remain intact even in the case of a loan agreement and as ECB monetary policy expectations are likely to be strongly capped still.”
“Hence we remain short EUR/USD.”
This content has been provided under specific arrangement with eFXnews.
Key Quotes
“The EUR remained capped ahead of today’s Eurogroup meeting, in which details of Greece’s loan extension request will be discussed. As Germany has rejected the initial proposal already, uncertainty is likely to remain high.”
“Regardless of today’s outcome we are still of the view that the EUR should be sold as Greece related tensions will likely remain intact even in the case of a loan agreement and as ECB monetary policy expectations are likely to be strongly capped still.”
“Hence we remain short EUR/USD.”
This content has been provided under specific arrangement with eFXnews.