4Cast wins out with euro risk


“While EUR/USD did manage a run higher at the very start of the year, our belief that bad news is never currently far away for the euro played out with the return to prominence of eurozone peripheral debt, taking the pair down to target after briefly threatening 1.3500,” said Paul Bednarczyk, currency strategist at 4Cast.

The London-based research company said interest in USD/JPY was reasonably well balanced, but that exporters were always likely to be good sellers in the 83.50/84.00 area.

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