07.10.2008 16:52

Brown Brothers Harriman: euro to test $1.3300


Matt Van Dyckhoff of Brown Brothers Harriman says there has not been such a weekly decline in the euro, since the move higher in dollar-Deutsch market in 1992 (DM fell). He looks for the pair to test $1.3300 and sees scope for euro-yen to see "an extended move to sub Y130." On the day, the euro fallen from a high of $1.3675 to a low of $1.3471 - the pairs holds at $1.3525 currently.






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