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7 Jan 2014
Flash: The Euro´s resilience is striking - BBH
FXstreet.com (Barcelona) - Marc Chandler, Global Head of Currency Strategy at Brown Brothers Harriman notes that the euro is consolidating at the upper end of yesterday's range.
Key Quotes
“Immediate resistance is seen in the $1.3655-75 area. The euro's resilience is striking.”
“We note that EONIA, which peaked at the end of the year near 45 bp, is now below 10 bp. The US-German 2-year spread was just below 7 bp in mid-December and 17 bp today.”
Key Quotes
“Immediate resistance is seen in the $1.3655-75 area. The euro's resilience is striking.”
“We note that EONIA, which peaked at the end of the year near 45 bp, is now below 10 bp. The US-German 2-year spread was just below 7 bp in mid-December and 17 bp today.”