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14 Apr 2015
Strong US retail sales might open EUR/USD’s path to parity – MP
FXStreet (Barcelona) - Dean Popplewell, Director of Currency Analysis at MarketPulse, comments that a strong print in today’s US retail sales release might push EUR/USD to test 1.0457 and also pave way for parity.
Key Quotes
“As investors head Stateside, this morning’s focus will be on March’s U.S Retail sales data and whether the series could re-enforce speculation that the Fed could begin its tightening policy my mid-year.”
“Retail sales data has been negative for the past three-months and is expected to rebound with a vengeance this time around (+0.7% vs. -0.1%). This has certainly been one of the few factors helping the USD in recent sessions.”
“The EUR/USD (€1.0561) currently remains in the lower portion of its one-month trading range of five big figures (€1.05-1.10).”
“A strong print this morning has the potential of putting the EUR into all sorts of trouble. Even the potential of pushing the single unit to once again test its 12-year lows sub-€1.05 (€1.0457) and perhaps on the path towards parity in the near term.”
Key Quotes
“As investors head Stateside, this morning’s focus will be on March’s U.S Retail sales data and whether the series could re-enforce speculation that the Fed could begin its tightening policy my mid-year.”
“Retail sales data has been negative for the past three-months and is expected to rebound with a vengeance this time around (+0.7% vs. -0.1%). This has certainly been one of the few factors helping the USD in recent sessions.”
“The EUR/USD (€1.0561) currently remains in the lower portion of its one-month trading range of five big figures (€1.05-1.10).”
“A strong print this morning has the potential of putting the EUR into all sorts of trouble. Even the potential of pushing the single unit to once again test its 12-year lows sub-€1.05 (€1.0457) and perhaps on the path towards parity in the near term.”