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3 Apr 2015
Further appreciation of EUR unlikely in the short-run – Varengold
FXStreet (Barcelona) - With EUR/USD having made a high above 1.09 levels, the Varengold Bank Research Team believes that a further appreciation of EUR is unlikely in the short-run.
Key Quotes
“Since June the bears took control over this currency pair and the euro experienced a sharp decline versus the USD and even reached its lowest level for more than 10 years.”
“After experiencing this decline to a level of around $1.04, the EUR was able to regain a bit and is now traded at around $1.09, where it may stay for a while.”
“At least in the short-run a further appreciation of the EUR seems to be unlikely.”
Key Quotes
“Since June the bears took control over this currency pair and the euro experienced a sharp decline versus the USD and even reached its lowest level for more than 10 years.”
“After experiencing this decline to a level of around $1.04, the EUR was able to regain a bit and is now traded at around $1.09, where it may stay for a while.”
“At least in the short-run a further appreciation of the EUR seems to be unlikely.”