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Forex pairs in this Article » EUR/USD (Barcelona) - (Barcelona) - (Barcelona) - (Barcelona) - Danske Bank Strategists note that PMIs are in focus today and likely to indicate economic improvement in both Europe and the US.

Key Quotes

“Today, relative PMIs between Europe and the US will be in focus and are likely to confirm that the economy is improving in both regions.”

“The relative growth outlook remains one of the main arguments for a lower EUR/USD.”

“However, compared with previously, our outlook for a lower EUR/USD in 2014 now has more two-sided legs: we look for a steeper US money market curve to push USD higher and for the ECB to remain on an easing bias to firmly anchor the short end of the euro curve, thus weighing on EUR.”
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