Filed Under:
Forex pairs in this Article » EUR/USD
FXstreet.com (Barcelona) - While it may be counter-intuitive to buy the Euro as a safe-haven currency at times of risk aversion, especially with the EZ crisis still playing out on the sidelines, according to Jane Foley, FX Strategist at Rabobank, "it must be remembered that the USD’ s credentials are soured by its persistent (if improving) twins deficit and dysfunctional political system and the yen is still associated with the most indebted county in the world." As such, and since Foley expects no ECB policy changes this year, the Rabobank Strategist is looking to buy EUR/USD on dips "until a US agreement is in place" Foley said.
comments powered by Disqus