FXstreet.com (Córdoba) – The European debt crisis has moved into a new critical phase with the rise in Italian yields and the record highs in the spread between French and German bonds, analysts from the Danske Bank said pointing out that current sentiment is definitely against the Euro. “There is now a rising risk that commercial and pension fund flows will also turn increasingly euro negative.”
“We currently advise utmost caution for clients with USD exposure as the risk of a sudden move lower in EUR/USD has risen,” mentioned analysts in the weekly report. “It is not our main scenario that EUR/USD will collapse but currently risk is tilted in that direction.”
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