Forex Flash: EUR/USD could visit 1.2043 near term – Danske Bank
Forex pairs in this Article »
EUR/USD
FXstreet.com (Barcelona) - The single currency is recovering ground on Friday as risk trends are prevailing in the markets.
Better mood in euro traders after yesterday's sharp sell-off is driving the single currency higher against its American counterpart, ahead of US NFP due later on (100K exp.).
In the opinion of M.Helt, Senior Analyst at Danske Bank, "Until the EFSF is asked to activate a bond purchase program pressure will be on the euro and EURUSD should gradually move lower - and potentially all the way towards its 1.2043 starting point if days passes and nothing happens".
Better mood in euro traders after yesterday's sharp sell-off is driving the single currency higher against its American counterpart, ahead of US NFP due later on (100K exp.).
In the opinion of M.Helt, Senior Analyst at Danske Bank, "Until the EFSF is asked to activate a bond purchase program pressure will be on the euro and EURUSD should gradually move lower - and potentially all the way towards its 1.2043 starting point if days passes and nothing happens".
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