25 Oct 2013
Flash: EUR/USD remains well supported - Danske Bank
FXstreet.com (Barcelona) - Dankse Bank strategists note that EUR/USD continues to be well supported, trading as high as 1.3825 overnight.
Key Quotes
“The cross is pushed higher as markets adjust to the view that Fed tapering will not take place before March next year and as markets prepare themselves for weaker US numbers in the wake of the government shutdown.”
“In the eurozone, on the other hand, things continue to improve and today the market will be scrutinizing the Ifo. Consensus looks for another improvement, albeit small.”
Key Quotes
“The cross is pushed higher as markets adjust to the view that Fed tapering will not take place before March next year and as markets prepare themselves for weaker US numbers in the wake of the government shutdown.”
“In the eurozone, on the other hand, things continue to improve and today the market will be scrutinizing the Ifo. Consensus looks for another improvement, albeit small.”