HALISTER1: Euro Could Bottom in Low 1.0800 Area vs Dollar, Says BK Asset

Euro Could Bottom in Low 1.0800 Area vs Dollar, Says BK Asset

(Bloomberg) -- Consider fresh EUR/USD longs if the pair drops toward 1.0815-1.0825 area, BK Asset Management managing director Kathy Lien writes in note received today.
  • German-U.S. yield spread is driving EUR/USD; yield on Treasuries finally stabilized and is now moving higher at a faster rate than bunds: Lien
  • German IFO survey due today should continue to support euro, but investors will be far more interested in comments from ECB’s Draghi, says Lien; Draghi speaks at 11:30pm HKT/4:30pm London
  • EUR/USD falls for sixth day, down 0.1% to 1.0876
  • Options expiring today include 1.0900 strikes for EUR2.38b
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
2539Z GR (European Central Bank)

People
Kathy Lien (Bk Asset Management)

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