EUR/USD seen at 1.3000 by year-end - Scotiabank

By FXstreet.com | June 23, 2014 AAA

FXStreet (Córdoba) - Camilla Sutton, analyst at Scotiabank notes that oil prices rise complicates the EUR outlook, and expects the EUR/USD to fall to 1.3000 by year-end.

Key Quotes



“EUR was holding its own until the release of a disappointing set of PMIs; leaving it soft, down 0.1% into the NA open”.



“The composite Eurozone PMI fell to a six month low of 52.8, warning that the already moderate expansion in Europe is slowing”.



“Oil prices complicate the outlook for EUR, as rising oil prices will add to inflationary pressures, which should ease the disinflation burden faced by the ECB but complicate the growth outlook further”.



“We hold a yearend 1.30 EUR forecast”.



comments powered by Disqus
Related Forex Analysis
  1. GBP/USD upside remains corrective – Commerzbank
    Forex News

    GBP/USD upside remains corrective – Commerzbank

  2. USD/CHF shows recovery attempts, as it bottomed at 0.9340
    Forex News

    USD/CHF shows recovery attempts, as it bottomed at 0.9340

  3. EUR/USD Daily Outlook - September 19
    Investing

    EUR/USD Daily Outlook - September 19

  4. SEB:  More EUR/USD buying seen above 1.2943 - eFXnews
    Forex News

    SEB: More EUR/USD buying seen above 1.2943 - eFXnews

  5. USD/CAD at Risk for Larger Downside Correction on Sticky Canada CPI
    Forex News

    USD/CAD at Risk for Larger Downside Correction on Sticky Canada CPI

Trading Center