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10 Jun 2014
EUR/USD to trend lower towards 1.30 - RBS
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."
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."