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Forex Flash: EUR/USD likely to visit 1.28 in 3m view – Rabobank

FXstreet.com (Barcelona) - The single currency is gradually pushing higher on Monday, slowly retracing the steep drop after the announcement of the bailout of Cyprus over the weekend.
Ahead in the week, the FOMC will hold its monthly gathering, and in the opinion of Jane Foley - Strategist at Rabobank - the greenback would likely found some support due to the recent improvement in the US economy.

“The Fed this week is due to update its economic projections and in light of the better trend in recent data releases, the Fed are likely to acknowledge the improvement… We continue to expect QE3 to continue until the end of the year. However, it is possible that the Fed may slow down the pace of assets purchases from its current $85 bln/month at an earlier stage. On the back recent better US data and given the risk of bad news from the Eurozone we expect to see dips to EUR/USD1.28 on a 3 mth view”, concluded the expert.

Forex Flash: EUR/GBP could edge higher to 0.9400 within 12 months – Goldman Sachs

FX markets remain dominated by offsetting policy forces, which can be described as a non-cooperative Global Exchange rate Mechanism. Within such a regime, much of the market focus has to be on the risk of ‘realignments’, or policy shifts, which have the potential to move a currency to a new level. Such a shift has happened in the Yen already. “Our view is that the risks from current levels are broadly balanced, and this is reflected in our new forecasts, centered around USD/JPY at 95.00.” writes the Economics Research Team at Goldman Sachs.
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Forex Flash: The curious case of taxation in Cyprus – Deutsche Bank

Although EU leaders have made it clear that the shock resolution in Cyprus is a one-off it has surely changed the landscape in Europe and now provides a template that will be at least on the table, even as a bargaining chip only, in the years ahead.
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