Flash: EUR/USD capped in present region? - Danske Bank

FXStreet (Barcelona) - Pernille Bomholdt Nielsen, Analyst at Danske Bank notes that despite a changing landscape, the euro has not been able to perform better and may be capped in this region.

Key Quotes

“Despite Spain being upgraded on Friday and the strong IFO yesterday, the euro has not been able to perform better as low inflation is fuelling speculations that the ECB will have to ease further in the spring.”

“This is also what we expect and it is the reason why we do not expect EUR/USD to go much higher from here.”