EUR: Drivers & Trading Strategy For Next 3 Months - Nomura

EUR: Drivers & Trading Strategy For Next 3 Months - Nomura

15 March 2016, 07:23
Francis Dogbe
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Over the next three months or so, EUR trading will likely depend on three factors: i) efficacy of the ECB policy package, ii) external environment, especially Fed policy and risk sentiment, and iii) ECB willingness to ease further, including rate cuts, when necessary. 

Based on these three factors, EUR could take four possible paths; we think a gradual depreciation of EUR/USD thanks to better risk sentiment and Fed rate hikes is now more likely than before the ECB meeting. ... READ MORE 

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