FXStreet (Edinburgh) – According to analysts at BAML, EUR/USD is expected to grind lower towards the parity levels around end of 2015.
Key Quotes
“We do not expect the ECB meeting to stop the latest USD rally; if anything, a dovish tone could reinforce it”.
“The market’s USD position is now much lighter, with investors chasing the latest USD move according to our flows analysis”.
“Our quant analysis also points to further EUR/USD downside”.
“In addition, brinkmanship in Greece has started affecting markets and is posing negative Euro risks. We expect a gradual EUR/USD weakening towards parity by the end of the year, as monetary policies diverge”.
(Market News Provided by FXstreet)