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Forex Flash: Euro: Marked downside risk - Wells Fargo

By FXstreet.com,  November 15, 2011, 09:50:00 AM EDT

FXstreet.com (Barcelona) - The Dollar and the Yen remain firm on concerns about EU peripheral countries' debt, with Italian and Spanish bond yields rising to new highs and weighing further on the Euro, which is likely to remain under marked downside risk, according to Nick Bennenbroek, Head of Currency Strategy, Wells Fargo Bank.

The Euro risk will remain on the downside, according to Bennenbroek, weighed by ECB easing and resilient debt problems: "Overall, we continue to see marked downside risk for the euro, a result of likely further ECB easing and possible further delays in addressing the region's debt crisis."




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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