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
The dollar weakened, equities fell, and gold set new records on Wednesday as investors waited for a Fed rate cut later in the day.
Gold Price Forecast: XAU/USD falls below $5,050 as traders await US jobs data Gold price (XAU/USD) attracts some sellers near $5,035 during the early Asian session on Tuesday. The precious metal edges lower amid improved risk sentiment and some profit-taking. Traders brace for key US economic data later this week, including delayed employment and inflation reports.
Gold price (XAU/USD) attracts some sellers near $5,035 during the early Asian session on Tuesday. The precious metal edges lower amid improved risk sentiment and some profit-taking. Traders brace for key US economic data later this week, including delayed employment and inflation reports.
Bitcoin network realizes $1.99 billion in losses, rivaling the 2022 Luna crash, though analysts view the $67,000 flush as a cyclical cleanse rather than a structural breakdown.
Silver price (XAG/USD) recovers some lost ground to near $76.60 during the Asian trading hours on Friday. The white metal suddenly fell late Thursday, pushing silver down more than 11%.
Bitcoin is nearing a level on the MVRV ratio that historically lines up with market “undervaluation,” according to CryptoQuant contributor Crypto Dan, as traders look for signs that a four-month
Related Instrument
