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21 May 2014
Potential downside for EUR/USD with today’s minutes – Danske Bank
FXStreet (Edinburgh) - According to Kasper Kirkegaard, Senior Analyst at Danske Bank, the EUR/USD would be under pressure with the release of the FOMC minutes.
Key Quotes
“Given the current market pricing of the Fed funds rate relative to the Fed’s projections, risks are probably skewed to the downside for EUR/USD today in connection with the release of the FOMC minutes tonight”.
“That said, we do not expect the FOMC minutes to include any hawkish surprises and neither do we expect Yellen to deliver a hawkish speech tonight”.
Key Quotes
“Given the current market pricing of the Fed funds rate relative to the Fed’s projections, risks are probably skewed to the downside for EUR/USD today in connection with the release of the FOMC minutes tonight”.
“That said, we do not expect the FOMC minutes to include any hawkish surprises and neither do we expect Yellen to deliver a hawkish speech tonight”.