FXStreet (Guatemala) - Richard Yetsenga at ANZ Research for ANZ explained that, in their view, markets are too sanguine about the stability in short rates continuing to hold.

Key Quotes:

“Globally the share of PMIs above 50 is approaching pre-crisis levels, US capacity use is nearing pre-crisis levels, and the OECD’s leading indicator has again turned higher in a continuation of its post-2011 pickup”.

“ These factors imply that US bond yields have likely based, with global implications, and the USD is likely to continue strengthening against the periphery”.

“More broadly, short end pricing will likely become more important to risk assets, relative to movements in long ends”.

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Forex pairs in this Article » EUR/USD

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