30 Jan 2015
EMEA FX could outperform the EUR – TDS
FXStreet (Edinburgh) - According to analysts at TD Securities, currencies of the EM space could perform better than the single currency.
Key Quotes
“With the EUR nudging to parity, EMEA FX should underperform the USD but outperform the euro”.
“However, accounting for more weakness into 2014 year-end and start of 2015 than we previously thought, our FX forecasts have generally been revised towards more EMEA weakness”.
“In particular, we see PLNHUF continue to trade around 73, the TRY basket between 2.40 and 2.50, USDZAR headed toward 12.00, and the RUB weak and mostly unpredictable”.
Key Quotes
“With the EUR nudging to parity, EMEA FX should underperform the USD but outperform the euro”.
“However, accounting for more weakness into 2014 year-end and start of 2015 than we previously thought, our FX forecasts have generally been revised towards more EMEA weakness”.
“In particular, we see PLNHUF continue to trade around 73, the TRY basket between 2.40 and 2.50, USDZAR headed toward 12.00, and the RUB weak and mostly unpredictable”.