Kshitij Consultancy Services
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Morning Briefing Euro (1.0585) is holding well below 1.0650 and while that holds, movement could be ranged within 1.065-1.050 region for the next couple of sessions. But keep an eye on the German-US 2YR yield differential which if moves lower could indicate a fall in Euro below 1.05. (Refer to Interest Rates section below)
The German-US 2Yr (-2.14%) is headed downwards and if continues to move towards -2.15% to -2.20%, could turn very bearish for Euro and could take the currency below 1.05 in the near term. Keep a close watch on the yield differential to get better directional cue on the Euro. However, we prefer a pause in the yield spread and expect a bounce back towards -2%.
Last Updated Open High Low Close
28-Feb-17 1.0580 1.0631 1.0552 1.0582
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