FXstreet.com (Córdoba) - Greenback is falling across the board to fresh 14-month lows. EUR/USD broke above 1.5020 and rose to 1.5039 posting the highest price since August 11 of last year. At the 1.5040 the pair has a resistance zone and above the next one lies at 1.5080 (Aug 11 08 high). Currently the pair trades at 1.5035/38, 0.65% above today's opening price.
Mitul Kotecha, from Econometer.org affirms: As would be expected in this hunt for yield interest rate differentials are beginning to show a growing influence in driving currencies as the influence of risk appetite begins to wane. The prospect of US interest rates remaining at a low level for a long time does not bode well for the USD, at least until markets begin to price in higher US rates which is at least a few months away.