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EUR/USD poised for further weakness – Scotiabank

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Oct 21, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    FXStreet (Edinburgh) - Currency Strategist at Scotiabank Eric Theoret sees the pair could break below the 1.1300 handle by end of the week.

    Key Quotes

    “The ECB’s bank lending survey suggests an improvement in financial conditions”.

    “Policy risk is elevated heading into Thursday’s ECB as we consider recent comments from Banque de France Gov. Noyer and Banco de Espana Gov. Linde, both focusing on the asset purchase program and underscoring 60bn/month as the ‘right level’ while suggesting the possibility of an extension to the timeline”.

    “We remain biased to EUR weakness into the end of the week, looking to a break below 1.1300”.
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