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18 Mar 2014
Flash: EUR/USD eyes on 1.40 - Danske Bank
FXStreet (Barcelona) - Jens Nærvig Pedersen, Analyst at Danske Bank comments that financial markets were positively surprised by the modest sanctions imposed on Russia by the EU and the US.
Key Quotes
“We have seen further risk support to the euro, EUR/USD has traded 1.3938 and it seems just a matter of time before the psychological important level at 1.40 is broken. We continue to see a test of 1.42 over the next three months.”
“Also the rouble received support yesterday in the aftermath of the Crimea referendum. However, given that the Russian economy is on the brink of recession, we doubt that we are now heading for a rouble recovery and we continue to see EUR/RUB moving higher throughout 2014.”
Key Quotes
“We have seen further risk support to the euro, EUR/USD has traded 1.3938 and it seems just a matter of time before the psychological important level at 1.40 is broken. We continue to see a test of 1.42 over the next three months.”
“Also the rouble received support yesterday in the aftermath of the Crimea referendum. However, given that the Russian economy is on the brink of recession, we doubt that we are now heading for a rouble recovery and we continue to see EUR/RUB moving higher throughout 2014.”