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8 May 2013
Forex Flash: EUR/CAD in the middle of its downside target - Westpac
FXstreet.com (Barcelona) - With EUR/CAD last at 1.3133 bids, near fresh 1-month lows, Westpac Bank believes the cross still “sits only in the middle of its range year to date,” the analysts say, being “EUR/CAD downside a key bet in our model portfolio this week.”
“EUR fares poorly on our total yield, short run data pulse, medium term growth factor and logit probability signals while,” they argue, while “CAD ranks favourably on these signals,” Westpac concludes.
“EUR fares poorly on our total yield, short run data pulse, medium term growth factor and logit probability signals while,” they argue, while “CAD ranks favourably on these signals,” Westpac concludes.