8 Jun 2015
Credit Agricole: EUR/USD rallies remain a sell – eFXnews
FXStreet (Barcelona) - According to Credit Agricole, the ECB’s stance to continue QE will keep the single currency pressured, hence any EUR/USD rallies remain a sell, as noted by eFXnews.
Key Quotes
“We remain of the view that the EUR should be sold on rallies. While Greece-related uncertainty is likely to keep demand for EUR-denominated assets muted, the ECB made clear that QE will run its course regardless of improving growth and price developments.”
“This suggests that there is additional room of diverging Fed-ECB monetary policy expectations to the detriment of EUR/USD.”
This content has been provided under specific arrangement with eFXnews.
Key Quotes
“We remain of the view that the EUR should be sold on rallies. While Greece-related uncertainty is likely to keep demand for EUR-denominated assets muted, the ECB made clear that QE will run its course regardless of improving growth and price developments.”
“This suggests that there is additional room of diverging Fed-ECB monetary policy expectations to the detriment of EUR/USD.”
This content has been provided under specific arrangement with eFXnews.