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16 May 2014
EUR/USD 1.35/34 by year end – Rabobank
FXStreet (Guatemala) - Jane Foley, Senior Currency Strategist at Rabobank sights EUR/USD 1.35/34 year end.
Key Quotes:
“We remain of the view that only a stronger dollar can guarantee a sustained move lower in EUR/USD”.
“That said, the recent softer tone in peripheral stocks and bonds suggests that the rallies in these assets has become tired and this could be pre-empt a less robust tone for the EUR in the week ahead”.
“For now we remain of the view that the EUR/USD 1.37 to 1.39 is likely to contain most activity in the weeks ahead”.
“We forecast a return to the 1.35/34 area by year end, though this assumes a broad-based improvement in the tone of the USD”.
Key Quotes:
“We remain of the view that only a stronger dollar can guarantee a sustained move lower in EUR/USD”.
“That said, the recent softer tone in peripheral stocks and bonds suggests that the rallies in these assets has become tired and this could be pre-empt a less robust tone for the EUR in the week ahead”.
“For now we remain of the view that the EUR/USD 1.37 to 1.39 is likely to contain most activity in the weeks ahead”.
“We forecast a return to the 1.35/34 area by year end, though this assumes a broad-based improvement in the tone of the USD”.