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14 May 2015
Credit Suisse: Too early to engage in the EUR/USD trade – eFXnews
FXStreet (Barcelona) - The Strategy Team at Credit Suisse shares their outlook for the EUR/USD, with the pair continuing its upside correction, as noted by eFXnews.
Key Quotes
“while we still hold a 3m 1.05 target for EURUSD (based partly on our non-consensus house view that the Fed will hike in September), we are not adding to existing short EUR positions (now minimal in delta terms) in our model portfolio until we have a clearer view on how these factors will play out. Effectively, we have stood on the sidelines on EURUSD since 8 April – it is still too early to re-engage, in our view,"
This content has been provided under specific arrangement with eFXnews.
Key Quotes
“while we still hold a 3m 1.05 target for EURUSD (based partly on our non-consensus house view that the Fed will hike in September), we are not adding to existing short EUR positions (now minimal in delta terms) in our model portfolio until we have a clearer view on how these factors will play out. Effectively, we have stood on the sidelines on EURUSD since 8 April – it is still too early to re-engage, in our view,"
This content has been provided under specific arrangement with eFXnews.