Forex Flash: Inherent positivity on EUR – OCBC Bank

FXstreet.com (Barcelona) - Emmanuel Ng of OCBC Bank is inherently positive on EURUSD amid supportive news flow of late (not least from the ECB's Draghi), but feels that potential pitfalls may still abound in the coming months.

However, he feels that systemic risks may continue to be tempered by the ECB's backstop. Looking to GBP, he expects the currency to remain under suspicion against a backdrop of fundamental concerns. He adds, "Barring surprise bearishness from the RBA, we prefer to retain a constructive tone towards the AUD and with global risk appetite levels still at healthy levels and Chinese macroeconomic developments mildly supportive."