Flash: EUR crosses remain focused on EONIA rates - Danske Bank

FXstreet.com (Barcelona) - Danske Bank strategists note that EUR crosses, especially continue to focus on the Eonia rates that continue to edge higher day by day. However, note that EUR/USD did not manage to move higher.

Key Quotes

“In our view it underlines that the cross is finally starting to feel the pressure from the Fed tapering and the steepening of the US money market curve.”

“We continue to see significant more downside for EUR/USD in 2014.”