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31 Dec 2014
EUR to be stronger against safe-havens – Growth Aces
FXStreet (Barcelona) - The Growth Aces Research Team share their 2015 outlook for the common currency, and believe that EUR is likely to be stronger than safe-havens – JPY and CHF, with chances of it appreciating against the GBP too.
Key Quotes
“The EUR is likely to be stronger against "safe-havens": JPY and CHF. The Bank of Japan recently expanded its own programme to stimulate the domestic economy, while the Swiss National Bank has promised for the past three years to cap the CHF at 1.20 per EUR.”
“Earlier this month, the SNB also said it would start charging banks for deposits in CHF, hoping to ease upwards pressure on the currency.”
“In our opinion the EUR may also appreciate slightly against the GBP next year as Britain's economy is losing momentum and facing its most uncertain parliamentary election in decades in May.”
Key Quotes
“The EUR is likely to be stronger against "safe-havens": JPY and CHF. The Bank of Japan recently expanded its own programme to stimulate the domestic economy, while the Swiss National Bank has promised for the past three years to cap the CHF at 1.20 per EUR.”
“Earlier this month, the SNB also said it would start charging banks for deposits in CHF, hoping to ease upwards pressure on the currency.”
“In our opinion the EUR may also appreciate slightly against the GBP next year as Britain's economy is losing momentum and facing its most uncertain parliamentary election in decades in May.”