EUR/USD: Scope for a move back to 1.06 on a three-month view – Rabobank EURUSD Banks Eurozone Fed
to the possibility of sharp pullbacks. Economists at Rabobank see the pair at 1.06 on a three-month view.data could be the trigger for pullbacks in the EUR, in view of the lower prices of energy, we would expect the market to look through this. More likely pullbacks in EUR/USD will be triggered by a continued hawkish position by Fed officials.
“We see plenty of opportunity for USD bulls to become re-engaged particularly in a three- to-six-month view. However, to reflect the change in fundamentals, we have lifted our EUR/USD forecasts from previous levels.” of EUR/USD 1.09 we see scope for a move back to 1.06 on a three-month view. This assumes the Fed maintains its forecast of no rate cut until 2024.”Information on these pages contains forward-looking statements that involve risks and uncertainties.
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