Thursday, February 4, 2010

Standard Chartered: euro / dollar may continue to fall

The senior currency strategist at Standard Chartered, Thomas Harr, commenting on the situation on the interbank market, said that the situation when all the investors' attention was occupied by problems in the euro area and emerging recovery of the U.S. economy, suggests the risks of continuing growth of the dollar against the euro. In addition, the negative mood in stock markets is also a factor in support for the U.S. currency, and Harry believes that the support around $ 1.3750, remains under the threat of testing, with a break below would open the way to $ 1.35.

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