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10 Feb 2016
EUR/USD to trade in a 1.10-1.15 range near term - ANZ
Brian Martin, Head of Global Economics at ANZ, notes that EUR/USD could trade in a 1.10-1.15 range in coming weeks with an upward bias, even as ECB readies for more QE.
Key Quotes
"There is little doubt that in the short term, central banks will be ultra-cautious given current and recent financial market volatility."
"The prospects for a quick repricing in the US yield curve to anticipate any profile resembling the FOMC’s dot points looks unlikely in the short term."
"For FX markets, that could allow the EUR/USD to retain its recent gains and unless the landscape improves quickly, EUR/USD could trade in a 1.10-1.15 range in coming weeks with an upward bias, despite the ECB’s indicated policy easing."
Key Quotes
"There is little doubt that in the short term, central banks will be ultra-cautious given current and recent financial market volatility."
"The prospects for a quick repricing in the US yield curve to anticipate any profile resembling the FOMC’s dot points looks unlikely in the short term."
"For FX markets, that could allow the EUR/USD to retain its recent gains and unless the landscape improves quickly, EUR/USD could trade in a 1.10-1.15 range in coming weeks with an upward bias, despite the ECB’s indicated policy easing."