Euro above $ 1.15 will not go

Credit Suisse, in spite of the rapid growth of quotations EUR / USD, decided to maintain its forecast of 1.15 at the end of the third quarter. In support of its low profile Bank cites three arguments: 1. Mario Draghi comments were not as "hawkish" as they took the market. According to the ECB, inflationary forces are still fragile and non-self that precludes the rapid rejection of the ultra-loose monetary politiki.2. European shares lately grow very slowly. In particular EuroStoxx 50 gained only 3.5% of the level of May maxima and closed in the red zone in recent days. The foundation for the "bullish" trend for EUR / USD will be stronger if the rally in European stock indices will bystree.3. Euro is still used as a funding currency, as carry traders are not going to reduce its own activity.

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