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20 Sep 2013
Flash: EUR/USD pressures mounting on Dovish ECB – Societe Generale
FXstreet.com (London) -Sebastien Galy, Currency Strategist at Societe Generale eye’s the EUR/USD contained
Key Quotes:
“The EUR/USD topside should be well contained at 1.3660 as the ECB takes a more dovish stance”.
“Our long- standing short position at 1.3460 was finally triggered. Steady deflationary pressures and tighter monetary conditions should open the way for a more dovish ECB, helping to pressure EUR/USD lower”.
Key Quotes:
“The EUR/USD topside should be well contained at 1.3660 as the ECB takes a more dovish stance”.
“Our long- standing short position at 1.3460 was finally triggered. Steady deflationary pressures and tighter monetary conditions should open the way for a more dovish ECB, helping to pressure EUR/USD lower”.