Euro May Approach 1.1714 Level as Traders Look Past Draghi: ABN
Alert: HALISTER1
Source: BFW (Bloomberg First Word)
Tickers
2539Z GR (European Central Bank)
People
Georgette Boele (ABN AMRO Group NV)
Mario Draghi (European Central Bank)
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UUID: 7947283
(Bloomberg) -- EUR/USD could climb toward two-year high set in Aug. 2015 after investors “seem to ignore the dovish comments” from ECB President Mario Draghi, says Georgette Boele, a currency strategist at ABN Amro Bank in Amsterdam.
- Thursday’s gains, in the face of remarks that should be negative for the currency, are a sign of underlying euro strength and signal further upside
- “If we are still around current levels at the end of today, EUR/USD will likely move slowly towards 1.1714” before Draghi speaks at Jackson Hole, Wyoming in late August
- “If that fails, then we could see a large profit-taking wave”
Alert: HALISTER1
Source: BFW (Bloomberg First Word)
Tickers
2539Z GR (European Central Bank)
People
Georgette Boele (ABN AMRO Group NV)
Mario Draghi (European Central Bank)
To de-activate this alert, click here
To modify this alert, click here
UUID: 7947283