MONETARY AND ECONOMY CURRENCY EURUSD RESUME TO DOWNWARD
After visiting her upper medium-term price stability band at 1.1450/1.1500, the monetary and economy currency EUR/USD resumes to move to downward to visit her previous lower medium-term price stability band at 1.0500 for about 1000 PIPs exchange rate target zone, at which level the ECB managed the EUR/USD price fluctuation and meeting the global monetarists'' consensus 15 % width of exchange rate target zone (narrower).
The downward movement however may take 5-6 months period of time and offering the opportunity for EUR fund to invest into USD and USD-denominated debt securities to look for 6-months yields plus the yields from the USD-denominated debt securities.
The daily, weekly, monthly and short-term target zone for EUR/USD is difficult to measure due to its role as monetary and economy currency of the global currencies, and at such the medium-term price stability is much easier to measure.
The downward movement however may take 5-6 months period of time and offering the opportunity for EUR fund to invest into USD and USD-denominated debt securities to look for 6-months yields plus the yields from the USD-denominated debt securities.
The daily, weekly, monthly and short-term target zone for EUR/USD is difficult to measure due to its role as monetary and economy currency of the global currencies, and at such the medium-term price stability is much easier to measure.
EUR/USD pushed up to 1.1535 above her previous upper medium-term band. The long-term exchange rate target zone dos not indicated for this pair to turn to upward in long-term. Similarly, the medium-term exchange rate target zone also does not indicated for this pair to align and turned to upward, and at such the upward movement could be the impact of EUR/JPY upward movement. As quoted above, due to the role of this pair as monetary and economy currency to cause it difficult to forecast, except medium and long-term. Any volatility of daily is ignored.