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23 Jun 2015
EUR to parity on a no Greece deal scenario - Rabobank
FXStreet (Guatemala) - Analysts at Rabobank noted the fundamental conditions surrounding EUR/USD on a no deal for Greece scenario.
Key quotes:
"EUR/USD could still hold relatively well in the initial phase of a global sell-off given that Greece’s default would trigger a fresh wave of capital outflows from EMs, which earlier this year benefited from demand for higher yields fuelled by the ECB’s full-scale QE."
"Once this potential source of support fades, EUR/USD would fall sharply towards the parity."
Key quotes:
"EUR/USD could still hold relatively well in the initial phase of a global sell-off given that Greece’s default would trigger a fresh wave of capital outflows from EMs, which earlier this year benefited from demand for higher yields fuelled by the ECB’s full-scale QE."
"Once this potential source of support fades, EUR/USD would fall sharply towards the parity."