FXstreet.com (Barcelona) - The greenback and the US Treasuries (with record lows on long maturities registered yesterday) are winning the “safe haven” contest as skepticism around the Eurozone (also with the core countries pressured by Moody’s with the negative outlook) and global growth concerns leave market participants uncertain of the future.
“We therefore stick to our view that we will see temporary corrections of up to 1.2250 in EUR-USD at best, which offer better selling opportunities”, wrote Commerzbank analyst Antje Praefcke, expecting the 1.2000 level to be tested very soon.
“We therefore stick to our view that we will see temporary corrections of up to 1.2250 in EUR-USD at best, which offer better selling opportunities”, wrote Commerzbank analyst Antje Praefcke, expecting the 1.2000 level to be tested very soon.
