Analysts at TD Securities anticipate further downgrades to global growth, which should cap the EUR rally and anchor the broad USD in the near-term. Key quotes “We believe that the next move is lower back to 1.05 this quarter, but at the same time, that’s likely to mark another bottom for the single currency moving forward.” “The rub for the EUR right now is that the forthcoming data could show a more protracted shock to the EZ economy. That’s relative to the US, and others, while the current response has also been much slower in the EZ.” “The fragmentation across the member states is critical, highlighting their inability to deliver a unified fiscal response to the crisis. If the crisis eases fast, that could work in their favor, as employment levels will remain stable.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next BoJ’s Kuroda: BoJ will ease without hestitation if needed FX Street 2 years Analysts at TD Securities anticipate further downgrades to global growth, which should cap the EUR rally and anchor the broad USD in the near-term. Key quotes “We believe that the next move is lower back to 1.05 this quarter, but at the same time, that's likely to mark another bottom for the single currency moving forward.” “The rub for the EUR right now is that the forthcoming data could show a more protracted shock to the EZ economy. That's relative to the US, and others, while the current response has also been much slower in the EZ.” “The fragmentation across… Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
