Saturday, 15 December 2012

More EUR Gains Seen -Morgan Stanley


Morgan Stanley sees more EUR gains after progress on the banking union and amid the broader risk-positive environment. The bank looks for GBP to lag on the crosses as the UK's sovereign rating comes back under the spotlight while it expects any USD/JPY setbacks to be limited ahead of this weekend's Japanese elections. USD/JPY now at 83.86, EUR/USD 1.3085, GBP/USD 1.6121.

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