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3 Jun 2015
EUR upside appears limited – Danske Bank
FXStreet (Edinburgh) - According to Kristoffer Lomholt, Analyst at Danske Bank, today’s tone by M.Draghi could cap occasional bullish attempts in EUR/USD.
Key Quotes
“Greece will clearly stay in focus but so will Draghi's comments on the frontloading of QE purchases at today's ECB press briefing: while seasonality has been provided as the reason for bringing forward purchases, any hints that the sharp rise in rates late April-early May is not to be tolerated should help to limit upside to EUR crosses from here”.
Key Quotes
“Greece will clearly stay in focus but so will Draghi's comments on the frontloading of QE purchases at today's ECB press briefing: while seasonality has been provided as the reason for bringing forward purchases, any hints that the sharp rise in rates late April-early May is not to be tolerated should help to limit upside to EUR crosses from here”.