FXStreet (Guatemala) – Analysts noted the testing times ahead and said the number of cross-currents at present suggests that it will be difficult for the trending markets that were seen through the middle part of the year to return quickly.
Key Quotes:
“This implies that domestic news is likely to have a larger currency influence.”
“That said, in broad terms we expect the G4 outperformance and peripheral currency underperformance that has characterised much of the year to remain a feature of currency markets.”
“We are becoming a bit more circumspect about whether the export slowdown in Asia can persist as a very strong market influence.”
(Market News Provided by FXstreet)