G10 FX Talking: Re-rating the euro

G10 FX Talking: Re-rating the euro

3 days ago Australia Leave a comment 0 Views

EUR/USD: Re-rating the euro Geopolitical events have forced us to revise our EUR/USD profile. In short, President Trump’s withdrawal of Europe’s security umbrella, Europe’s response of fiscal stimulus and the re-rating of the ECB profile means that EUR/USD is unlikely to trade down to 1.00/1.02 after all. We see 1.05-1.10 as the new trading range. …
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