EUR/USD to extend rebound to fresh YTD highs – MUFG EURUSD Fed Banks
We see room for the rebound to extend further to a new year-to-date highs above the April high at just below the 1.1100 level.
The USD remains overvalued and we expect a further adjustment lower as fundamental drivers of USD strength from last year continue to reverse.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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