Forex Flash: Watch EUR/USD for swings in relative growth – Westpac
Forex pairs in this Article »
EUR/USD
FXstreet.com (Barcelona) - The Westpac FX Strategy team recommend targeting 1.3500 in Q1, before selling it for 1.2500 on swings in relative growth.
They begin by noting that the decline the EUR's financial stress should help reduce Eurozone growth under performance in early 2013, pushing EURUSD towards 1.3500. However, they believe that relative growth should swing back in the US's favour as the year progresses, weight on the Euro back to 1.2500.
They begin by noting that the decline the EUR's financial stress should help reduce Eurozone growth under performance in early 2013, pushing EURUSD towards 1.3500. However, they believe that relative growth should swing back in the US's favour as the year progresses, weight on the Euro back to 1.2500.
Free Annual Reports
