EUR/USD to trend lower towards 1.30 - RBS

By FXstreet.com | Updated June 09, 2014 AAA

FXStreet (Bali) - Greg Gibbs, FX Strategist at RBS, expects the EUR/USD to gradually slide towards 1.30.



Key Quotes



"The EUR should be viewed increasingly as a funding currency for carry trades with yields across the curve below those in the US, especially for longer maturities. We expect it to trend lower towards 1.30, although at times it may appear bid on FX reserves diversification."



You May Also Like

COMPANIES IN THIS ARTICLE
Related Forex Analysis
  1. Forex News

    EUR/USD in red near 1.0850

  2. Forex News

    EUR/USD sees downside risks – FXStreet

  3. Forex News

    EUR/USD softer on Greece

  4. Forex News

    More USD Downside Due in Days Ahead?

  5. Forex News

    EUR/USD drops to lows near 1.0820

Trading Center