18 Feb 2016
EUR/USD: further weakness on the cards – Westpac
Strategists Robert Rennie and Imre Speizer at Westpac see risks remain to the downside for the pair in light of the ECB meeting in March.
Key Quotes
“The multi-month rally in EUR/USD ran out of steam just shy of 1.14 last week, the abrupt reversal signalling a move towards 1.10 during the week ahead”.
“Market expectations for further ECB easing on 10 March should remain intact, and combined with the US$’s recent resurgence, should keep risks skewed to the downside until then”.
Key Quotes
“The multi-month rally in EUR/USD ran out of steam just shy of 1.14 last week, the abrupt reversal signalling a move towards 1.10 during the week ahead”.
“Market expectations for further ECB easing on 10 March should remain intact, and combined with the US$’s recent resurgence, should keep risks skewed to the downside until then”.