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28 Feb 2013
Forex Flash: EUR/USD potential upside ahead – Danske Bank
The euro sentiment remains subdued in the vicinity of 1.3100 on Thursday, as softer euro docket failed to bolster the cross around 1.3150
In the opinion of A.Lohman Rasmussen, Chief Analyst at Danske Bank, the cross could have left the worst part of the correction behind, adding, “with the latest stabilisation in the peripheral bond markets, clear signs that the US recovery is well on track and Bernanke being in no hurry to ‘exit’ we have now become even more convinced that EUR/USD has bottomed out for now and European clients with income or assets in USD should consider taking advantage of this year’s setback in EUR/USD”.
In the opinion of A.Lohman Rasmussen, Chief Analyst at Danske Bank, the cross could have left the worst part of the correction behind, adding, “with the latest stabilisation in the peripheral bond markets, clear signs that the US recovery is well on track and Bernanke being in no hurry to ‘exit’ we have now become even more convinced that EUR/USD has bottomed out for now and European clients with income or assets in USD should consider taking advantage of this year’s setback in EUR/USD”.