EUR may be hard-pressed to sustain gains vs. the USD – Rabobank EURUSD ECB Fed InterestRate Banks
The market is already priced for two more 25 bps rate hikes from the ECB this cycle. This suggests that for the EUR to make sustainable gains on the back of this week’s policy meeting, the hawkish signalling would have to be surprisingly strong.
Despite the recovery in EUR/USD above 1.07 at the end of last week, we maintain our H2 target of EUR/USD 1.06.Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions.
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