Flash: Investors see light at the end of the Eurozone tunnel - RBS

FXstreet.com (Athens) - Greg Gibbs, FX Strategist at RBS feels that many investors may be starting to see an end to the Euroland crisis.

Key Quotes

“The EUR may rise on evidence of modest recovery, potential for a drift up in money market rates, investors seeing light at the end of the tunnel for Eurozone banks and periphery debt, and a large current account surplus. “

“Current levels of EUR/JPY provide a good entry level for long positions if you are prepared to bet on the US avoiding the worst case fiscal debt ceiling scenario.”