Flash: EUR/USD could hit 1.42 - Danske Bank

FXStreet (Edinburgh) - Anders Møller Lumholtz, Senior Analyst at Danske Bank notes that the Chinese decision over the weekend to widen the trading band for CNY is expected to attract attention this morning.

Key Quotes

“All in all it looks like a new risk-off day with support to the JPY and the CHF.”

“The disappointment about the ECB's lack of action two weeks ago is still giving support to the euro and in EUR/USD - heading for 1.42, lower on Fed/ECB in 12M.”