After the ECB and then the BOC complained about the exchange rate, the RBA followed suit. It seems that everybody except the BOE wants a lower currency. For Australia’s central bank, it is certainly not the first time. While the recent meeting minutes do not shed any surprising new light, they serve to keep the [...]
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EUR/USD is flirting with the 1.20 level once again, but with lots of caution. Where next? Here is their view, courtesy of eFXnews: ABN AMRO FX Strategy Research argues that in the near-term net-long position liquidation will probably push EUR/USD towards 1.15, but later in the year expects EUR/USD to move back above 1.20. “We expect the [...]
The post EUR/USD: S/T Tactical Downside Before Higher Again; Where To Target? – ABN AMRO appeared first on Forex Crunch.
