EUR/USD: Euro is far from being out of the woods – Rabobank By MSalordFX EURUSD Currencies Majors
“USD strength has already been a major factor in pushing EUR/USD back to levels last traded in 2017. Whether or not USD strength means that EUR/USD will move to parity in the coming months, remains to some extent dependent on the fundamental backdrop in the“The appearance of hawkish ECB rhetoric in the middle of last month raised the possibility of a rate hike as soon as July.
“We are revising lower our 1 and 3 month EUR/USD forecasts to 1.03 and see some scope for a move to 1.05 on a 6 month view with the USD only retreating back to 1.10 on a 12 month view.” If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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