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10 Sep 2013
Flash: EUR/USD is bound to the 1.25-1.35 range - UBS
FXstreet.com (Córdoba) - The German member of the ECB executive board Jörg Asmussen warned about the spill-over effects, in the case the Fed begins to taper its stimulus measures. The UBS analyst team commented on the matter Tuesday.
Key Quotes
“Asmussen warned that clarity on central bank reaction functions must be given and that inflation expectations must be tightly anchored”.
“In other words, the ECB, like any other central bank, would highly dislike a situation where long-term bond yields soar in an uncontrolled manner”.
“These statements are a confirmation that EURUSD is bound to the 1.25-1.35 range”.
Key Quotes
“Asmussen warned that clarity on central bank reaction functions must be given and that inflation expectations must be tightly anchored”.
“In other words, the ECB, like any other central bank, would highly dislike a situation where long-term bond yields soar in an uncontrolled manner”.
“These statements are a confirmation that EURUSD is bound to the 1.25-1.35 range”.