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Tempering forceasts in EUR and Yen - Rabobank

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Feb 24, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    Analysts at Rabobank noted that this year has brought a prolific selection of political and geopolitical events throughout the globe.

    Key Quotes:

    "While we maintain the view that the USD will be able to claw back some ground vs. both the EUR and the JPY this year, we expect USD upside to be moderate.

    As we argue frequently the EUR and the JPY are funding currencies meaning these currencies are unlikely to fall significantly unless risk appetite rises across the board. We have tempered our USD/JPY forecasts and now forecast a move to 116.00 on a 12 mth view."
    For more information, read our latest forex news.

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