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16 May 2014
EUR/USD would remain under pressure - Investec
FXStreet (Barcelona) - Jonathan Pryor, Corporate Treasury Analyst at Investec, underlined the weakness around the EUR.
Key Quotes
"ECB President Mario Draghi forewarned investors last week that further stimulus may be implemented in June. If European data continues to disappoint, then markets will price in more aggressive action, as sentiment grows that the ECB is behind the curve."
"The next key focus will be the ‘flash’ Eurozone CPI estimate due for release on 3 June, two days before the June ECB meeting. EURUSD fell to an 11 week low on the GDP data, moving down to the mid- 1.36s yesterday before the US data releases yesterday afternoon."
Key Quotes
"ECB President Mario Draghi forewarned investors last week that further stimulus may be implemented in June. If European data continues to disappoint, then markets will price in more aggressive action, as sentiment grows that the ECB is behind the curve."
"The next key focus will be the ‘flash’ Eurozone CPI estimate due for release on 3 June, two days before the June ECB meeting. EURUSD fell to an 11 week low on the GDP data, moving down to the mid- 1.36s yesterday before the US data releases yesterday afternoon."