News Headline Summary

BNP Paribas has upped its EUR/USD forecast to 1.4000

Reaction details (12:45)

- EUR/USD currently trades 1.3570 (-65 pips) last.

Analysis details (12:45)

- However, for the weeks ahead the bank says risks are skewed on the downside, given the combination of euro zone risk premia edging up and EUR rates nudging dower after last week's lower-than-expected LTRO repayment. Such a move lower will provide fresh buying opportunities according to analyst at BNP Paribas.

04 Feb 2013 - 12:43 - Equities - Source: Newswires

Subscribe Now to RANsquawk

Click here for a 1 week free trial

RANsquawk provides audio news and commentary for over 15,000 professional traders and brokers worldwide. Services include: