EUR/USD: further weakness on the cards – Westpac

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Feb 18, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    Strategists Robert Rennie and Imre Speizer at Westpac see risks remain to the downside for the pair in light of the ECB meeting in March.

    Key Quotes

    “The multi-month rally in EUR/USD ran out of steam just shy of 1.14 last week, the abrupt reversal signalling a move towards 1.10 during the week ahead”.

    “Market expectations for further ECB easing on 10 March should remain intact, and combined with the US$’s recent resurgence, should keep risks skewed to the downside until then”.
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