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- BNPP: EUR/USD To Struggle To Extend Upside Much Beyond 1.08.
BNPP: EUR/USD To Struggle To Extend Upside Much Beyond 1.08.
Our economists also note that in light of the 'no' vote, the likelihood of the ECB announcing a scaling back of asset purchases is now less likely at their meeting this Thursday, and that a change in forward guidance in order to give some sort of signal to the markets that QE cannot continue indefinitely in the current form is instead more probable. We would expect EUR/USD to struggle to extend upside much beyond 1.08.
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