Friday, May 1, 2009

Westpac: Euro / dollar remains under pressure

According to analysts of Westpac, the euro / dollar will be under pressure next week, as the European Central Bank will be forced to acknowledge the deterioration in the euro area economy. Close above 1.3300 could lead to a brief increase, otherwise the pair will be consolidated within the current range and resume the decline in the next week. Indicators spreads on interest rates, give a signal to sell. Now a pair traded at 1.3254.

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