Flash: EUR/USD short term downside possible on Syrian dilemma – Danske Bank

FXstreet.com (Barcelona) – Danske Bank analysts feel that today the market will follow the EM currencies to see if the support seen yesterday continues and keep an eye on the developments in the Syrian conflict.

Key Quotes

“We continue to see short-term downside potential to EUR/USD and EUR/GBP.”

“It also month’s end and the relative underperformance of US assets, especially equities against other major markets,indicates some further support to USD today, as asset managers as a consequence might be overhedged USD exposure.”
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