8 Jul 2014
EUR/USD confined to two cent range - BBH
FXStreet (Guatemala) - Marc Chandler, Global Head of Currency Strategy at Brown Brothers Harriman noted that the euro has been confined to about 10 ticks in either side of the $1.36 today.
Key Quotes
“The $1.36 level itself is the middle of the two cent range that has confined the euro single currency since late May."
"It seems ironic that the day after the front page story of the Financial Times was the French Finance Minister talking about the need to diversify away from the dollar and use the euro more, today's lead story is about a French corporate wanting the ECB to push the euro towards $1.20-$1.25. Aren't these at cross purposes?"
Key Quotes
“The $1.36 level itself is the middle of the two cent range that has confined the euro single currency since late May."
"It seems ironic that the day after the front page story of the Financial Times was the French Finance Minister talking about the need to diversify away from the dollar and use the euro more, today's lead story is about a French corporate wanting the ECB to push the euro towards $1.20-$1.25. Aren't these at cross purposes?"