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Nordea have gone short EUR/USD, with....>

EURO-DOLLAR
EURO-DOLLAR: Nordea have gone short EUR/USD, with a target of $1.0760, and a
stop at $1.1080.
- Reasoning as follows:
- Global slowdown isn't over
- 5y5y EUR inflation swaps record lows could re-ignite ECB "monetary madness"
- USD liquidity will probably have to become (even) scarcer before the Fed
really goes big on liquidity
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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