26 Mar 2015
Credit Agricole: EUR/USD might hit parity in Q3 – eFXnews
FXStreet (Barcelona) - The eFXnews Team notes Credit Agricole suggests that EUR/USD might see some near-term consolidation, but the longer-term risks stay to the downside.
Key Quotes
“The Eurozone economic outlook is improving and portfolio flows into the region seem to be on the rise again. …. investors are squaring USD-longs in the wake of the March Fed meeting. EUR/USD could consolidate some more and EUR-volatility could subside in the near term.”
“Some downside risks for EUR could linger as well. In particular, uncertainty about Greece should continue to haunt the single currency, with concerns about the country’s debt-sustainability likely to escalate as the bailout extension draws to an end in June.”
“Long-term risks should still be on the downside, however, and we expect EUR/USD to hit parity in Q3 with the USD-rally resuming as we get closer to the Fed’s first hike.”
This content has been provided under specific arrangement with eFXnews.
Key Quotes
“The Eurozone economic outlook is improving and portfolio flows into the region seem to be on the rise again. …. investors are squaring USD-longs in the wake of the March Fed meeting. EUR/USD could consolidate some more and EUR-volatility could subside in the near term.”
“Some downside risks for EUR could linger as well. In particular, uncertainty about Greece should continue to haunt the single currency, with concerns about the country’s debt-sustainability likely to escalate as the bailout extension draws to an end in June.”
“Long-term risks should still be on the downside, however, and we expect EUR/USD to hit parity in Q3 with the USD-rally resuming as we get closer to the Fed’s first hike.”
This content has been provided under specific arrangement with eFXnews.