Forex Flash: EUR/USD: potential for further drop - UBS

EUR/USD fell to fresh lows sub-1.3000 on Friday due to a strong rise in non-farm payrolls, comments the UBS analyst team. "The move led also to position clearing in the pound, helping to bring EURGBP back to the 0.87 level", they say.

"For the coming weeks we see potential for further drop in EURUSD, as markets will start to price in a stronger momentum in the US economy", UBS concludes.

Mar 11, 2013

Forex: EUR/CHF bouncing from lows, around 1.2365/70

The Swiss franc is now losing ground against the bloc currency, partially giving away previous gains. Renewed risk aversion dragged the cross from session highs in the vicinity of 1.2380 to sub 1.2350 levels, just...

Forex Flash: EUR/USD in another leg lower if slides below 1.2950/60 – TD Securities

The EUR/USD is staging mixed messaged, according to TD Securities analysts: "After Draghi downplayed the discussion on rate cuts last week, it seemed like the EUR could be staging a turn around. But then we saw the very strong US employment report that muddied the waters somewhat for EUR/USD”, wrote analysts Shaun Osborne and Greg Moore, now more neutral but biased in favor of the USD this week. “A break below 1.2950/60 should be a good signal that EUR/USD makes another leg lower, while a climb above 1.3120/30 would be a strong signal that the single currency is turning around”, they wrote.