FW: [Maybank] EUR – Risk of Pullback but Broad Uptrend Intact

 

 

, GBL: EUR – Risk of Pullback but Broad Uptrend Intact FX Flash by Saktiandi Supaat FX Research Barring short term risks that could pose hurdles (political risks, ECB meeting, EUR stretched positions) to EUR appreciation, we maintain a positive outlook (upward trending) on growing demand for EUR as a share of world FX reserves, sustained signs of economic recovery broadening in Europe, supported by private consumption, business sentiment, construction investment, sizeable current account surplus (3% of GDP) and export recovery, ECB policy normalisation and ... Saktiandi Supaat    (65) 6320 1379    saktiandi@maybank.com.sg Christopher Wong    (65) 6320 1347    wongkl@maybank.com.sg Disclaimer This email and its attachment(s) are confidential and are intended solely for the use of the individual to whom it is addressed. Any views or opinions expressed are solely those of the author and do not necessarily represent those of Maybank Kim Eng or any of its affiliates. Intended recipients of this email are prohibited from disseminating, forwarding, printing and/or copying its contents. If you are not the intended recipient of this email, you are strictly prohibited to take any action based upon them, which also includes dissemination, forwarding, printing and copying of its contents. Maybank Kim Eng Research sent this e-mail to you because your Notification Preferences indicate that you want to receive information about our daily research reports. If you wish to read Disclaimer in details, please click HERE. To unsubscribe or change preference settings, please contact your representative HERE.