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28 Feb 2014
Flash: All eyes on Eurozone data today - Danske Bank
FXStreet (Barcelona) - Pernille Bomholdt Nielsen, Analyst at Danske Bank notes that today, all focus will be on the eurozone inflation data.
Key Quotes
“After the low German number yesterday, the market is probably prepared for a low number. But in combination with the Yellen testimony, it supports our view that the upside for EUR/USD is limited from here.”
“The situation in Ukraine continues to escalate every day and the Russian rouble and the Ukrainian hryvnia continue to weaken dramatically. We see a clear risk of contagion of the financial stress to other CEE markets.”
Key Quotes
“After the low German number yesterday, the market is probably prepared for a low number. But in combination with the Yellen testimony, it supports our view that the upside for EUR/USD is limited from here.”
“The situation in Ukraine continues to escalate every day and the Russian rouble and the Ukrainian hryvnia continue to weaken dramatically. We see a clear risk of contagion of the financial stress to other CEE markets.”