Back
27 Mar 2015
EUR/USD slave to developments in US in the near-term – OCBC
FXStreet (Barcelona) - Emmanuel Ng, FX Strategist at OCBC Bank, views that US data in the near-term might drive EUR/USD movements, with Fed Yellen expected to make another speech today.
Key Quotes
“Swings in the pair are likely to emanate more from the US front in the near term, especially with Yellen expected to make another appearance tonight.”
“An interim floor is expected towards 1.0800 while the psychological resistance at 1.1000 remains in force.”
Key Quotes
“Swings in the pair are likely to emanate more from the US front in the near term, especially with Yellen expected to make another appearance tonight.”
“An interim floor is expected towards 1.0800 while the psychological resistance at 1.1000 remains in force.”