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EUR/USD: a fresh outlook? - Rabobank

FXStreet (Barcelona) - There was no shortage of factors behind this week’s market turmoil.

Key Quotes:

“The fact that this month is set to mark the end of the Fed’s QE programme may be partly responsible for investors’ rush back into safe haven assets”.

“However, a perfect storm had been brewing because the end of QE3 has coincided with the IMF’s downward revisions to its world growth forecast, a slew of shockingly poor German economic data, concerns about stalling growth in China and Japan, a continuation of geopolitical risks and also a rise in Ebola fears”.

“Even though the market may currently be adjusting its expectations regarding how soon the Fed is likely to start hiking rates and shaking out its long USD positions, we still expect EUR/USD to edge towards 1.22 on a 12 mth view”.

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