| EUR set to remain strong for at least a month as European players' risk appetite is recovering gradually, helped by recent news IMF to provide EUR20 billion to Romania, says Nomura Trust and Banking senior dealer Hideki Amikura; "that news greatly decreased concerns over the Eastern European economy." Says EUR/USD may target 1.40 in coming weeks, with pair now at 1.3611; adds EUR/JPY may try 138.00 vs 133.05 now. Another Tokyo dealer adds Japan pension funds buying EUR, likely in portfolio adjustment before fiscal year end. |
Thursday, March 26, 2009
EUR set to remain strong for
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