Fxw Research: a Spike in Eur/usd to 1.34 Still Seems Quite Likely

Quotes from Societe Generale Cross Asset Research:

-The Euro is benefiting from comments by some ECB members to talk down the idea of a further cut in policy rates. It's also benefiting from the fact that bears have been chased off.

-With neither relative rates or peripheral bond spreads giving any reason to short the Euro here, a spike to 1.34 still seems quite likely over the turn of the year.