FXStreet (Edinburgh) - In the view of strategists at Westpac, the single currency could remain in a 1.08-1.11 range in the near term. Key Quotes “EUR's sub-1.06 foray may prove to be the low for sometime but EUR hardly trading with much mettle above 1.10 either”. “Rangetrade, say 1.08-1.11, may well be the order of the day, at least until the next iteration in the Fed-ECB policy gap”. “That may occur sooner than many think, a repricing of Fed follow up hike prospects as soon as March 2016 a potential catalyst, sooner than priced in (2016Q3)”. “Base effects alone can lift CPI almost a percentage in the next 3mths while mild-winter US forecasts could flatter Q1 growth, a break from recent years when inclement conditions trashed Q1”. For more information, read our latest forex news.