22 Aug 2013
Flash: EUR/USD heavy after FOMC - OCBC Bank
FXstreet.com (Barcelona) - Emmanuel Ng of OCBC Bank expects some heaviness in the EUR/USD in the near term after the latest Fed FOMC minutes with the pair now at sub-1.3350 levels.
Key Quotes
“Some base building behavior may emerge around the 1.3300 area in the near term but much will depend on broader dollar dynamics at this juncture, with EZ PMIs also likely to provide some domestic distraction later in the global day.”
Key Quotes
“Some base building behavior may emerge around the 1.3300 area in the near term but much will depend on broader dollar dynamics at this juncture, with EZ PMIs also likely to provide some domestic distraction later in the global day.”