The euro is expected to make further gains, Morgan Stanley says, noting that although the Greek election result has had a positive initial impact on the euro, "the real reason for taking on further risk is found outside of Greece." Instead, the bank says, it's down to the pressure building on Germany to make greater concessions for growth measures. The bank also points out that HUF, ZAR and AUD--the market's premium indicators of investor sentiment--have gained the most overnight, indicating that the current rally in risky bets [and USD drag] "has further legs." EUR/USD trades at 1.2689.
Find us on Google+
No comments:
Post a Comment