Back
24 Dec 2013
Flash: Euro to stay resilient in 2014 - Rabobank
FXstreet.com (Bali) - According to Jane Foley, Senior Currency Strategist at Rabobank, the EUR/USD will likely remain buoyant in 2014, despite talk of new LTRO operations.
Key Quotes
"We expect the ECB to announce another vLTRO early next year to support the weakest EMU banks but, insofar as the stronger banks have been repaying vLTRO funds, the reaction in the currency market may also not be significant. Consequently, the EUR is likely to remain reluctant to yield ground."
Key Quotes
"We expect the ECB to announce another vLTRO early next year to support the weakest EMU banks but, insofar as the stronger banks have been repaying vLTRO funds, the reaction in the currency market may also not be significant. Consequently, the EUR is likely to remain reluctant to yield ground."