We continue to expect EUR to appreciate towards 1.50 against the USD in the next 6-12 months, but refrain from recommending long euros or risk for now. Risk looks skewed to the downside near term. High uncertainty and the limited extent of policy puts make us stay close to safe haven currencies and low volatility currencies and away from high volatility/commodity currencies in the near term.Click here to read the full report:
BARCLAYS CAPITAL
FOREIGN EXCHANGE RESEARCH