EUR/USD year end target, 1.3000 - Scotiabank

By FXstreet.com | August 01, 2014 AAA

FXStreet (Guatemala) - Eric Theoret, Currency Strategist at Scotiabank noted that the EUR is an outperformer among the G10.



Key Quotes:



"France is alone among its major euro area peers in maintaining a sub-50 (contractionary) PMI of 47.8, however the mitigation of downside concern is important in an environment of low, disappointing euro area growth. We remain biased to further downside in EUR, with an updated forecast highlighting a year end target of 1.3000."



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