EZ driving force in FX space - ANZ

FXStreet (Guatemala) - Analysts at ANZ explained that the euro area is still in need of very loose financial conditions, and a soft EUR is a part of that mix.

Key Quotes:

"In this environment, further strength remains constrained, and risks remain to the downside. Conversely, in the UK, signs of a broadening of growth will continue to underpin expectations of policy normalisation and support the GBP."

"Thematically our view on the AUD and NZD remains unchanged. The outlook for the AUD is looking more balanced, while the NZD remains an underperformer story."

"In Asia, economic data continues to disappoint and further policy easing is likely forthcoming. Here our bias remains to buy USD/Asia on dips."