9 Jul 2015
EUR/USD faces downward pressure near term – Westpac
FXStreet (Edinburgh) - In the view of Richard Franulovich, Strategist at Westpac, the single currency could see its decline renewed in the near term.
Key Quotes
“A EUR1.08-1.14 range appears to be forming but the single currency should explore lower levels next week”.
“A likely strongly dovish policy message from Draghi at next week’s ECB press conference and a likely sharp fall in the ZEW survey as sentiment drops amid the surge in Greek tail risks should see the euro trade heavily”.
Key Quotes
“A EUR1.08-1.14 range appears to be forming but the single currency should explore lower levels next week”.
“A likely strongly dovish policy message from Draghi at next week’s ECB press conference and a likely sharp fall in the ZEW survey as sentiment drops amid the surge in Greek tail risks should see the euro trade heavily”.