Filed Under:
Forex pairs in this Article » EUR/USD (Córdoba) - EURUSD rose on Friday on the back of a strong improvement in the US labor market although it retraced part of its gains amid profit-taking heading into the US long weekend.

"Risk taking lifted the euro as usual. Some investors even questioned how much sense QE makes after a positive surprise in the employment sector", the UBS analyst team comments. "Also supportive for the euro were talks about an agreement to capitalize Greek banks".

"We still believe the upside in EURUSD is limited towards 1.32", says UBS. "Only a big deal within the Eurozone and a rebound of GDP should convince fundamental investors to buy the euro above 1.32".
comments powered by Disqus