UniCredit: the euro exchange rate will fluctuate against the dollar today

UniCredit does not trust the bulls on the euro / dollar

In brief: UniCredit away with trading a pair of dollar / euro, due to the unstable situation on the currency market.

According to UniCredit currency analysts, trading the euro / dollar today is still volatile and nervous after the speech of Ben Bernanke and weak auctions of government bonds in anticipation of the euro area long-awaited results of stress tests.

Meanwhile, skepticism about the results of stress tests of the European Union and the unsatisfactory results of recent auctions, will likely try to stop the euro / dollar to break above 1.30. Nevertheless, note in the bank, break below 1.2690 will trigger a new burst of aggressive sales. Current euro / dollar is 1.2860.

Anrey Torbinski
2010-07-22 11:38, Currency news.

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