EUR: Greater risks for a move above 1.17 as the $ rally loses steam – ING

EUR: Greater risks for a move above 1.17 as the $ rally loses steam – ING

http://www.omahfxglobal.com/forex-news/eur-greater-risks-move-1-17-rally-loses-steam-ing/
EUR: Greater risks for a move above 1.17 as the $ rally loses steam – ING
According to Viraj Patel, Foreign Exchange Strategist at ING, the ECB’s Nov economic bulletin did shed light on the thinking underpinning the central bank’s QE taper policy, with officials explicitly noting that the EUR plays a key role in the policy reaction function. Key Quotes “As long as EUR/$ continues to trade this this side of 1.20, we doubt the single currency will be a big concern for the ECB. [ 31 more words ]

http://www.omahfxglobal.com/forex-news/eur-greater-risks-move-1-17-rally...

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