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24 Feb 2014
Flash: EUR may be capped this week - RBS
FXStreet (Bali) - According to Greg Gibbs, FX Trading Strategist at RBS, EUR may find it difficult to add onto recent gains this week.
Key Quotes
"EUR may be capped this week by uncertainty over Ukraine (now more the responsibility of the EU), recent softer data and a possible further downward surprise to inflation, and increasing speculation of ECB policy easing."
"The relatively rapid recent slide in CNY has attracted considerable interest and will be watched closely this week for how it reacts post-G20."
"Weaker China growth trends, lower steel prices and higher iron ore inventory suggests downside risks for AUD."
Key Quotes
"EUR may be capped this week by uncertainty over Ukraine (now more the responsibility of the EU), recent softer data and a possible further downward surprise to inflation, and increasing speculation of ECB policy easing."
"The relatively rapid recent slide in CNY has attracted considerable interest and will be watched closely this week for how it reacts post-G20."
"Weaker China growth trends, lower steel prices and higher iron ore inventory suggests downside risks for AUD."