EUR/USD will continue to slide after Fed - Commerzbank

By FXstreet.com | Updated July 30, 2014 AAA

FXStreet (Córdoba) - Lutz Karpowitz, analyst at Commerzbank commented that even though the Federal Reserve decision is the most important event for markets this week, the actual effects on the FX market are likely to be limited.



Key Quotes



“Anything other than a further reduction of bond purchases of USD 10bn. would be a sensation”.



“That means that the USD will continue to benefit versus the euro from a normalisation of monetary policy, as the two most important central banks in the world are moving in opposite directions at the moment”.



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