Flash: EUR/USD to test 1.4000 soon?

FXStreet (Barcelona) - Arne Lohmann Rasmussen, Chief Analyst at Danske Bank comments that In the FX markets the euro continues to be well supported despite the ECB comments yesterday and it seems likely that we will see a test of EUR/USD 1.40 very soon.

Key Quotes

“Not least as risk appetite seems to be a bit better overnight. Overnight we have seen support to NZD after the surprisingly hawkish comment from central bank governor Wheeler after he as expected hiked the policy rate by 25bp to 2.75%, adding that rates might have to hiked a total of 125bp this year.”

“The Aussie dollar is also seeing support overnight after employment growth picked up by 47k in February.”