Upward pressure on the EUR / USD and GBP / USD during the last time partly reflects the desire of foreign exchange market to increase pressure on pressure points, according to Bank of Montreal (BMO). "In this case, investors are hitting aiming to expose the bluff ECB and the Bank of England, and thus test the ability of central banks to hold their own in the yield curve and curb the rise in interest rates, especially at the near end", - explained in the bank. "If the foreign exchange market to continue its testing the strength, EUR / USD and GBP / USD, will likely begin to deviate from their medium-term fundamentals upward". CHF will move randomly to test the psychological level of 0.9
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.