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11 Dec 2014
EUR/USD’s upside may see a cap – OCBC
FXStreet (Barcelona) - According to the Analysts at OCBC Bank, rising periphery risk premiums in the EZ may put a cap on EUR/USD’s upside.
Key Quotes
“Welling periphery risk premiums in the EZ (Greek curve inverts) may put a cap on the EUR-USD’s upside. For today, investors will be keeping an eye on the TLTRO results with any downside disappointments likely to strengthen expectations of QE early next year. In the interim, the 1.2500 junction may prove pivotal in the near term given the cited paring of broad-based dollar longs.“
Key Quotes
“Welling periphery risk premiums in the EZ (Greek curve inverts) may put a cap on the EUR-USD’s upside. For today, investors will be keeping an eye on the TLTRO results with any downside disappointments likely to strengthen expectations of QE early next year. In the interim, the 1.2500 junction may prove pivotal in the near term given the cited paring of broad-based dollar longs.“