Flash: A weak USD for this weak – RBS

FXStreet (Guatemala) - Strategists at RBS are not too optimistic for the dollar this week and expect a strong pound by month end.

Key Quote:

“With risks for yields increasingly appearing skewed to the downside, the USD is expected to trade weakly this week. Hence we reaffirm our 1.69 end-Q1 target for GBP/USD, but see increased over-shooting risks for the coming month”.

Feb 17, 2014

ECB's Nowotny optimistic about EU recovery

ECB Governing Council member Ewald Nowotny said today at an event in London that the considerable improvement in the Eurozone economy was making the central bank's bond purchase program less relevant.“There are no expectations in the market of a break-up in the euro zone,” he pointed out and expressed satisfaction with the recent Eurozone GDP data.

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Feb 17, 2014

EUR/GBP bounces off 1-year low

The EUR/GBP found support and managed to bounce off a 1-year low scored at the beginning of the Asian session amid broad GBP strength.

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