OctaFX | OctaFX Forex Broker
Open trading account

EUR BoP: Current account at new high – Nomura

The euro area saw the largest current account surplus on record (sa) in September, a trend that shows no sign of easing with the EUR area benefiting from the global economic recovery and a currency that is still undervalued on PPP measures, explains the research team at Nomura.

Key Quotes

“September was when the EUR appreciation trend came to an end and the currency suffered in the weeks that followed over the October ECB meeting as fixed income outflows still dominated. The basic balance has been improving in recent months and improved further in September from a sizeable dip in August. If this basic balance trend continues it should keep EUR supported into the New Year at the same time as the ECB will be looking to normalise monetary policy in the not-too-distant future.”

GBP: Upside risks heading into December’s summit - MUFG

One yen cross pair that could extend higher in circumstances of continued broad-based dollar weakness is GBP/JPY, suggests Derek Halpenny, European He
Read more Previous

Germany: Merkel fights for her political future - Rabobank

The breaking down of ‘Jamaica’-coalition talks brings unprecedented political uncertainty to Germany, according to Daniel van Schoot, Economist at Rab
Read more Next
Start livechat