27 Feb 2015
EUR/USD further downside on the cards – TDS
FXStreet (Edinburgh) - Strategists at TD Securities expect the pair to accelerate the downside in the next weeks.
Key Quotes
“With the EUR set to weaken further, the Eurozone should see a pickup in external demand but domestic strength would be better. Risks do seem titled to the upside, helped to some degree by the ECB's 18-month QE to begin in March”.
“EURUSD has traded in a 1.1250/1.1550 range for the whole of February as the market consolidates”.
“We do not exclude the potential for the EUR to recover a little more ground through Q1 but we expect policy/growth divergence with the US to ultimately deliver significantly lower EURUSD levels through year-end”.
Key Quotes
“With the EUR set to weaken further, the Eurozone should see a pickup in external demand but domestic strength would be better. Risks do seem titled to the upside, helped to some degree by the ECB's 18-month QE to begin in March”.
“EURUSD has traded in a 1.1250/1.1550 range for the whole of February as the market consolidates”.
“We do not exclude the potential for the EUR to recover a little more ground through Q1 but we expect policy/growth divergence with the US to ultimately deliver significantly lower EURUSD levels through year-end”.