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EUR/USD: In A Range But Still Looking For A Final Dip Over The Summer - Danske

From efxnews.com

Danske Bank FX Strategy Research stilllooking for a final dip lower in EUR/USDover the Summerarguing that the slowdown in US and China should spills over to the eurozone and weight on the single currency accordingly. "We stress that this is a short-term view and the bigger move will be a substantial shift higher in EUR/USD on 6M-12Mwhen we move closer to an exit for the ECB," Danske argues. "We expect US and Germany bond yields to be range-trading over coming months with a possible slight upside bias in the US where economic expectations may be bottoming out. We expect global equities to be caught in a range, as the ... (full story)

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  • Category: Fundamental Analysis