Currency Analyst since 2010

HSBC: careful with EUR

Analysts at HSBC warn that the ECB’s rhetoric to talk the EUR lower could intensify in the coming weeks: “EUR has shown a rising correlation to expectations for where interest rates will be in the medium term. We believe that the EUR is firmly in the grouping of currencies being driven by carry trades. Successfully maneuvering rate expectations lower would see the EUR fall in similar fashion.”

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