FXStreet (Delhi) – Antje Praefcke, Research Analyst at Commerzbank, suggests that at present, exchange rates are driven less by risk aversion than during the financial crisis.
Key Quotes
“The shockwaves from the Far East are thus losing much of their steam on their journey to Europe and America, where regional factors such as inflation data play a more important role for currencies. With the oil price slump likely to leave its mark on inflation data, FX markets will hence watch out for any signals from the Fed concerning their future policy action. This points to a volatile sideways movement of EUR-USD in the week ahead.”
(Market News Provided by FXstreet)