EUR/USD could come closer to 1.10 on disappointing US data – SocGen EURUSD UnitedStates Banks Fed
are expensive based on 2y2y rate differentials but retracements are likely to be viewed as a buying opportunity.” , the prospect of a narrowing Fed/ECB rate differential and improving demand from China all bode well for the single currency over the medium term.”
“Disappointing US retail sales and soft PPI on Wednesday would further cement the case for 25 bps by the Fed next month and guideInformation on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions.
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