EUR/USD to fail on risk appetite returning? – Rabobank

By FXStreet FXStreet (Guatemala) – Analysts at Rabobank explained that there have been plenty of discussions about the EUR’s safe haven behaviour in recent months.

Key Quotes:

“Market sentiment during the summer was blighted by concerns regarding growth in China and more recently by fears that US growth may have lost momentum. The EUR performed well on the back of these uncertainties with the value of the Eurozone’s effective exchange rate rallying around 3.5% since the start of June.”

“However, risk appetite has been steadily improving since the start of this month. The S&P 500 has been trending higher since late September and the price action in the Shanghai Composite has been looking increasingly constructive, with technicals indicating a technical breakout at the start of this week.”
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Source:: FX Street