25 Oct 2013
Flash: EUR/USD target reached – Nomura
FXstreet.com (London) - Strategist at Nomura said that they we have reached our near-term target in EURUSD of 1.37-1.38.
“But we are not convinced that the move has fully run its course”.
“For example, we don't think the ECB is quite ready to start fighting this move and we believe a test of 1.40 is possible this year (more on this to follow)”.
“As such, we are inclined to stick with a neutral to negative trading stance on the USD for now”.
“But we are not convinced that the move has fully run its course”.
“For example, we don't think the ECB is quite ready to start fighting this move and we believe a test of 1.40 is possible this year (more on this to follow)”.
“As such, we are inclined to stick with a neutral to negative trading stance on the USD for now”.