Forex Flash: Will there be currency safe havens in the medium term? - Commerzbank
Forex pairs in this Article »
EUR/USD
FXstreet.com (San Francisco) - Commerzbank answers: "Our analysis concludes that it will be impossible to deny the attractiveness of the US dollar. The yen, on the other hand, could cease to be regarded as a safe haven in the long run."
Commerzbank's outlook on EURUSD: "The forces which are driving EUR-USD, i.e. QE3 on the one hand and debt crisis on the other hand, are likely to continue to be well balanced. Unless we see a fundamental re-valuation, EUR-USD will thus remain in a state of flux. In our view the risks are concentrated on the downside though."
Commerzbank's outlook on EURUSD: "The forces which are driving EUR-USD, i.e. QE3 on the one hand and debt crisis on the other hand, are likely to continue to be well balanced. Unless we see a fundamental re-valuation, EUR-USD will thus remain in a state of flux. In our view the risks are concentrated on the downside though."
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