Further EUR weakness to materialise in coming six months: Danske Bank

Quotes from Danske Bank:

-The EUR declined against the USD, JPY and GBP yesterday and Friday's gains from the 'euro relief rally' following the temporary Greek debt agreement have already been erased.

-Now that the imminent risk of Grexit has been removed, market's focus is likely to shift back to the trend of divergent monetary policy between the major central banks.

-As the ECB launches its QE programme in March we look for further EUR weakness to materialise in the coming six months - especially against the USD, which is expected to outperform in the coming months.