“Since the outbreak of the euro sovereign debt crisis, its impact on EUR/USD has been clear, but in no way critical,” says the strategist. “The euro would only come under significant pressure either if politicians have to intervene again and the EFSF and the ESM have to be deployed to combat the crisis, or if, at some point, the ECB does then have to pay the price in the form of higher inflation rates.
Saturday, 21 April 2012
EUR-USD Range trading expected next week april 23-27 2012
forex trading outlook today - EUR-USD Range trading expected next week april 23-27 2012: In the weeks and months ahead, the likelihood is not of a steep decline in the EUR/USD, but rather a creeping erosion, with the pair expected to trade in ranges in the next week, according to Ulrich Leuchtmann, head of FX strategy at Commerzbank.
“Since the outbreak of the euro sovereign debt crisis, its impact on EUR/USD has been clear, but in no way critical,” says the strategist. “The euro would only come under significant pressure either if politicians have to intervene again and the EFSF and the ESM have to be deployed to combat the crisis, or if, at some point, the ECB does then have to pay the price in the form of higher inflation rates.
“Since the outbreak of the euro sovereign debt crisis, its impact on EUR/USD has been clear, but in no way critical,” says the strategist. “The euro would only come under significant pressure either if politicians have to intervene again and the EFSF and the ESM have to be deployed to combat the crisis, or if, at some point, the ECB does then have to pay the price in the form of higher inflation rates.
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