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10 Apr 2015
Risks ahead next week; USD needs catalyst - Scotiabank
FXStreet (Guatemala) - Camila Sutton, chief currency strategist at Scotiabank noted the risks ahead next week.
Key Quotes:
"The market is moving towards a test of a stronger USD but still needs a catalyst to break to fresh highs."
"Next week is a data heavy week in the U.S. (CPI, sentiment, housing, production and retail sales) a set of strong releases would be the catalyst; there is also an ECB meeting, which is a core risk for EUR, but less likely to be the catalyst of fresh lows."
Key Quotes:
"The market is moving towards a test of a stronger USD but still needs a catalyst to break to fresh highs."
"Next week is a data heavy week in the U.S. (CPI, sentiment, housing, production and retail sales) a set of strong releases would be the catalyst; there is also an ECB meeting, which is a core risk for EUR, but less likely to be the catalyst of fresh lows."