EUR/USD TO FALL IF FED HOLDS RATES UNCHANGED FOR LONGER – NORDEA
Over the past month, EUR/USD has been trending higher since the bottom at 1.0700 and has been closing in on the 1.1000 level. Economists at Nordea analyze the pair’s outlook.
The next big move for EUR/USD to be lower in the months to come
For the USD, later rate cut signals from the Fed should be supportive.
We expect the next big move for EUR/USD to be lower in the months to come, and 1.0500 could be in sight again.
Moreover, the upcoming liquidity situation in the US could also be supportive for the USD in the upcoming quarter.
Overall, it seems EUR/USD will remain range bound in the 1.0500-1.1000 area so long as (expectations for) monetary policy for both do not diverge to a larger degree
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
FOLLOWME Trading Community Website: https://www.followme.com
Hot
No comment on record. Start new comment.