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15 Sep 2015
EUR performance expectations - Scotia
FXStreet (Guatemala) - Analysts at Scotiabank explained that the EUR will abandon a comfort zone and resume a weakening trend versus the USD.
Key Quotes:
"Unattractive interest rate and growth differentials will weigh on the single European currency once the rate hiking cycle is activated in the US. Nevertheless, there are timid signs of a gradual economic recovery in Europe. The GBP will benefit from a positive growth outlook vs. the EUR, yet it will not be immune to the broader USD trend in the coming months. The RUB remains on the defensive subject to oil price swings."
Key Quotes:
"Unattractive interest rate and growth differentials will weigh on the single European currency once the rate hiking cycle is activated in the US. Nevertheless, there are timid signs of a gradual economic recovery in Europe. The GBP will benefit from a positive growth outlook vs. the EUR, yet it will not be immune to the broader USD trend in the coming months. The RUB remains on the defensive subject to oil price swings."