13 Feb 2014
Flash: EUR/USD would keep the 1.34-1.38 range for now - Societe Generale
FXStreet (Barcelona) - Kit Juckes, Global Head of Currency Strategy at Societe Generale, argues the EUR/USD would remain with the 1.34-1.38 range.
Key Quotes
"The ECB Monthly report will be a highlight on a quiet day for news. Recent ECB comments continue to reflect a desire to show there is more easing available (negative deposit rates are flavour of the week) but there seems little appetite to act while economic data are improving and CPI growth still positive".
"There are sellers into weakness of EUR/USD around but at the risk of sounding like a broken record, we are in a 1.34-1.38 range, with the likelihood that we break decisively lower only much later this year at the earliest."
Key Quotes
"The ECB Monthly report will be a highlight on a quiet day for news. Recent ECB comments continue to reflect a desire to show there is more easing available (negative deposit rates are flavour of the week) but there seems little appetite to act while economic data are improving and CPI growth still positive".
"There are sellers into weakness of EUR/USD around but at the risk of sounding like a broken record, we are in a 1.34-1.38 range, with the likelihood that we break decisively lower only much later this year at the earliest."