Kit Juckes, Chief Global FX Strategist at Société Générale, analyzes EUR/USD outlook.
It takes a genuine surprise to really excite the market As US data continues to outperform expectations, and the rates market prices in mid-2024 RECN easing with greater conviction, there is still more danger of EUR/USD heading closer to parity, than making a move back
above 1.10. Expectations for strong US data and weaker figures in Europe, mean that it takes a genuine surprise to really excite the market, but for all that, reminders of economic divergence on sentiment can build up until they reach breaking point for Euro sentiment.
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