الخميس، 20 سبتمبر، 2012

Forex Flash: EUR/USD could revisit 1.26 this autumn – Rabobank Read more: http://community.nasdaq.com/News/2012-09/forex-flash-eurusd-could-revisit-126-this-autumn-rabobank.aspx?storyid=175016#ixzz271HnkVkC

FXstreet.com (Barcelona) - The bloc currency remains stuck around the 1.2950 region on 

Thursday, slightly above session lows at 1.2930 


EUR has started the week exhibiting some weakness, as the effects of the rally post-FOMC, 

which pushed the cross as high as 1.3172, have vanished. 


J.Foley, Senior Currency Strategist at Rabobank, comments that tepid economic data as of 

late have put policymakers to work, resulting in an increase of infrastructure projects in China, 

further easing in both the BoJ and the BoE, an unlimited QE by the Fed, or at least until de 

labor market show signs of improvement, and the ECB's OMT. 

The expert underscores the relevance of Spain and its bailout back-and-forths, "as a 

consequence we are still penciling in risk that EUR/USD could still pullback to the 

EUR/USD1.2600 area this autumn. That said, the fact that EZ politicians are working towards 

the goal of fiscal union has made the outlook for EMU more coherent and the system's future 

more secure. This factor combined with the determination of the Fed to support the US 

economy and follow weak USD policies suggests that EUR/USD can trend higher medium-

term. We maintain a 12 mth EUR/USD forecast of 1.3500".

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