More from FXstreet.com

Forex Flash: Fed, EZ debt crisis balancing out EUR/USD - Commerzbank

By FXstreet.com,  April 27, 2012, 02:53:00 PM EDT

FXstreet.com (San Francisco) - Since the end of January, EUR/USD has been moving in a narrow range between 1.30 and 1.35. Ahead of the closing bell in New York, the pair is quoted in the 1.3255 area vs 1.3210 last Friday, poised to gain ground for a second consecutive week.

"The risk of the Fed easing monetary policy further - which would harm the dollar - and fears about an escalation of the sovereign debt crisis putting pressure on the euro have been balancing each other out," explains Lutz Karpowitz, economist at Commerzbank.

Even though the sovereign debt crisis does not equal a crisis of the euro, it nonetheless constitutes a negative factor for the single currency, says the economist.




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

Referenced Stocks:



Latest News Video

Thai Anti-Government Party Marks Anniversary of Bloody Crackdown
Thai Anti-Government Party Marks An...


Sign-in
Existing NASDAQ.com member? Log in here.

By signing into to the site using any of the third-party services above, you agree to NASDAQ.com's Terms of Use.

From Our Trusted News Source





Most Active by Volume:

Company Last Sale Change Net / %
BAC $ 13.43 0.07  0.52%
CSCO $ 24.24 0.35  1.48%
MSFT $ 34.87 0.79  2.32%
F $ 15.08 0.44  3.01%
ARUN $ 13.10 4.51  25.61%
SIRI $ 3.50 0.05  1.45%
GE $ 23.46 0.19  0.82%
S $ 7.32 0.04  0.55%