14 Jul 2015
EUR/USD still vulnerable post-Greek deal – Danske Bank
FXStreet (Edinburgh) - Senior Analyst Signe Roed-Frederiksen at Danske Bank sees the pair grinding lower in the upcoming months.
Key Quotes
“EUR/USD initially moved higher but quickly reversed and EUR/USD is now trading below its Friday levels”.
“In our view, this reversal is mainly due to two factors: 1) a Greek deal was highly anticipated last week and 2) there is still uncertainty regarding the details of the deal”.
“Further out, increased expectations of Fed rate hikes in 2015 as Greek uncertainty fades should trigger a new fall in EUR/USD in coming months”.
Key Quotes
“EUR/USD initially moved higher but quickly reversed and EUR/USD is now trading below its Friday levels”.
“In our view, this reversal is mainly due to two factors: 1) a Greek deal was highly anticipated last week and 2) there is still uncertainty regarding the details of the deal”.
“Further out, increased expectations of Fed rate hikes in 2015 as Greek uncertainty fades should trigger a new fall in EUR/USD in coming months”.