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Forex: EUR/USD should test lower end of range - BBH

By FXstreet.com,  April 26, 2012, 04:10:00 PM EDT

FXstreet.com (San Francisco) - EUR/USD traded a choppy range between 1.3197 and 1.3261 on Thursday, touching a fresh 3-week high before pulling back to end trading in NY at 1.3137 vs. 1.3215 late Wednesday, gaining ground for a third consecutive day.

"In the week ahead, the US dollar is likely to remain in recent ranges but economic weakness and political uncertainties in the euro zone should see EUR/USD test the lower end of range near 1.30," says the BBH Global Currency Strategy Team. "Indeed, a major political test takes place on 5/6 with France and Greece set to elect new leaders. The uncertainty of both political events should drive periphery bond yields higher and nudge the euro lower."




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Forex and Currencies

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