EUR/USD: En-Route To 1.03 This Month Ahead Of Parity By Mid-Year – BTMU
The outlook in relation to the German elections has changed somewhat following the emergence of Martin Schulz, who became the SPD candidate for Chancellor. The move has boosted the popularity of the SPD and raised the probability of the CDU/CDS not retaining power following the election in September. Greece has also added to the uncertainty although we do not expect problems in Greece to escalate like before. Discussions will continue and we expect an agreement to be reached before large repayments by Greece are due in July.
