2 May 2014
EUR/USD little hopes for greenback
FXStreet (Edinburgh) - According to Currency Analyst Valeria Bednarik at FXStreet, April’s US Payrolls need to really surprise investors to trigger a USD-rally, otherwise an ‘in line’ result would help the EUR.
Key Quotes
“But even if the numbers overcome such expectations, seems there’s little they can do for dollar strength. The number has to be really shockingly positive to trigger a dollar rally against the euro, and yet there’s a good chance buyers in the 1.3770/1.3800 area halt the slide”.
“A negative reading on the other hand may favor a run higher, but still will be contained, eyeing next week ECB meeting and chances of the announcement of some stimulus”.
Key Quotes
“But even if the numbers overcome such expectations, seems there’s little they can do for dollar strength. The number has to be really shockingly positive to trigger a dollar rally against the euro, and yet there’s a good chance buyers in the 1.3770/1.3800 area halt the slide”.
“A negative reading on the other hand may favor a run higher, but still will be contained, eyeing next week ECB meeting and chances of the announcement of some stimulus”.