Scope for near-term softness in the EUR – Rabobank
Source Fxstreet
EUR/USD has failed to hold below the 1.0800 level. Nonetheless, economists at Rabobank expect the shared currency to remain under downside pressure.
Risk of EUR/USD dipping to 1.0500 on a three-month view
While we expect that the ECB policy will remain on hold until there are further signs of moderation in wage pressures, the relative softness of the Eurozone economy is still likely to support market speculation regarding a spring rate cut. This suggests scope for near-term softness in the EUR.
It is our house view that the Fed will hold rates steady until June. Consequently, we expect the market to continue pricing out expectations regarding an earlier move which should support the USD.
We continue to see risk of EUR/USD dipping to 1.0500 on a three-month view.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
Seesaw Effect Continues. US Pre-Market Three Major Index Futures Weaken, Oil Prices Rise, Bitcoin Drops Below 68,000 MarkAgainst a backdrop of intertwined geopolitical risks and macroeconomic uncertainty, global market sentiment has repeatedly diverged. In Friday pre-market trading ET, the three major U.S.
Against a backdrop of intertwined geopolitical risks and macroeconomic uncertainty, global market sentiment has repeatedly diverged. In Friday pre-market trading ET, the three major U.S.
AUD/USD extends its losing streak for the fourth consecutive day, trading around 0.6880 during the Asian hours on Friday.
US-Iran tensions persist; $4,400 becomes the gold ( XAUUSD) bulls' make-or-break level.During the European session on March 26, as of press time, spot gold retreated 1.5% to $4,436.42 per
Gold rallies on hopes for US-Iran talks and falling US Treasury yieldsGold price (XAU/USD) gains nearly 2% on Wednesday as Oil futures prices tumbled amid growing speculation that the US and Iran would begin talks to end the conflict that started nearly four weeks ago. At the time of writing, XAU/USD trades at $4,556.
Gold price (XAU/USD) gains nearly 2% on Wednesday as Oil futures prices tumbled amid growing speculation that the US and Iran would begin talks to end the conflict that started nearly four weeks ago. At the time of writing, XAU/USD trades at $4,556.
Impacted by signs of easing geopolitical risks in the Middle East, international gold prices (XAUUSD) rebounded sharply after previously falling to the $4,100 level, at one point climbing
Related Instrument
