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19 Mar 2014
Flash: EUR may be getting stretched - RBS
FXStreet (Bali) - Greg Gibbs, FX Strategist at RBS, shares his market thoughts for Wednesday, noting EUR may be getting stretched.
Key Quotes
"US yields low and stable ahead of FOMC despite stronger equities. EUR may be stalling near 1.40, sticky despite further periphery spread narrowing. GBP may recover if as we expect the labour data point to strength (we prefer short EUR/GBP ahead of FOMC risk). USD/JPY has several supports near-by and we see increased risk of dovish rhetoric from BoJ. Uncertainty over CNY and China property sector needs watching, but little fallout to date. Calm over Crimea could also be misplaced."
Key Quotes
"US yields low and stable ahead of FOMC despite stronger equities. EUR may be stalling near 1.40, sticky despite further periphery spread narrowing. GBP may recover if as we expect the labour data point to strength (we prefer short EUR/GBP ahead of FOMC risk). USD/JPY has several supports near-by and we see increased risk of dovish rhetoric from BoJ. Uncertainty over CNY and China property sector needs watching, but little fallout to date. Calm over Crimea could also be misplaced."