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Dec 07 - 10:55 AM

EUR/USD: New Lows In EUR/USD Will Be Easier To Get Amid A Positive Risk Environment - Danske

By eFXdata  —  Dec 07 - 09:30 AM

Danske Research discusses EUR/USD outlook and maintains a bearish bias over the coming weeks.

"upbeat (e.g. EUR/NOK declined, and ZAR outperformed), we see EUR/USD lower. It supports our view that new lows in EUR/USD will likely be easier to get amid a positive environment where capital flows shift towards the US and commodity prices erode European terms-of-trade," Danske notes. 

"Equally, this shows that a lower EUR/USD is consistent with a positive risk environment (albeit a value rotation would be EUR-positive though we do not see the latter.)," Danske adds. 

Source:
Danske Research/Market Commentary

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