EUR/USD rangebound between 1.08-1.11 – Westpac

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Dec 16, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    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”.
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