EUR/USD confined to two cent range - BBH

By FXstreet.com | Updated July 30, 2014 AAA

FXStreet (Guatemala) - Marc Chandler, Global Head of Currency Strategy at Brown Brothers Harriman noted that the euro has been confined to about 10 ticks in either side of the $1.36 today.



Key Quotes



“The $1.36 level itself is the middle of the two cent range that has confined the euro single currency since late May."



"It seems ironic that the day after the front page story of the Financial Times was the French Finance Minister talking about the need to diversify away from the dollar and use the euro more, today's lead story is about a French corporate wanting the ECB to push the euro towards $1.20-$1.25. Aren't these at cross purposes?"



You May Also Like

Related Forex Analysis
  1. Forex News

    Euro Flounders at Yearly Lows as Likelihood of ECB QE Increases

  2. Forex News

    Weekly Trading Forecast: How Far can the Dollar Go in 2014?

  3. Forex News

    US session recap: USD index and stocks rally for record highs

  4. Forex News

    US Dollar Targets Fresh Highs versus Euro, but What Could Change?

  5. Forex News

    A calm and holy night or a snowstorm of volatility? – ING

Trading Center