EUR/USD to move downward over the coming months – Danske Bank EURUSD Fed ECB Banks
has recently faced renewed headwinds, pushing the cross back below 1.10. Economists at Danske Bank maintain their strategic case for a lower EUR/USD.has delivered its last rate hike for this hiking cycle. However, we think the current 3x25 bps rate cuts priced for the rest of the year seem too aggressive. If we are right in this call, that will add some USD support in H2. For the ECB, we think there are three 25 bps rate hikes left, bringing the policy rate up to 4%.
“We maintain the strategic case for a lower EUR/USD based on relative terms of trade, real rates and relative unit labour costs. Despite the impending Fed pause, we see the prospect of the USD finding further near-term support as we expect the Fed to hold rates steady into 2024. Furthermore, we think the Information on these pages contains forward-looking statements that involve risks and uncertainties.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Weekly Forex Forecast \u2013 NASDAQ 100 Index, EUR/USD, USD/JPYThe difference between success and failure in Forex / CFD trading is highly likely to depend mostly upon which assets you choose.
Weiterlesen »
EUR/USD Price Analysis: Euro bears poised to meet 100-DMA around 1.0800EUR/USD holds lower ground near 1.0850 as bears take a breather after refreshing the monthly low during early Monday. Even so, the Euro pair sellers r
Weiterlesen »
EUR/USD now looks at 1.0800 – UOBThe negative view in EUR/USD remains unchanged for the time being, note Economist Lee Sue Ann and Markets Strategist Quek Ser Leang and UOB Group. Key
Weiterlesen »
EUR/USD regains the smile and retests 1.0880The single currency regains some balance and motivates EUR/USD to rebound from recent multi-week lows near 1.0850. EUR/USD up on weaker dollar EUR/USD
Weiterlesen »
EUR/USD Forex Signal: Sell-Off Has Room to Run Before RebounThe EUR/USD exchange rate continued its bearish trend, helped by the strong US dollar. It fell to a low of 1.0847, the lowest point since April 10th.
Weiterlesen »
EUR/USD: Break below 1.0800/1.00730 to hasten a retracement toward 1.05 – SocGenThe Euro retreated to the bottom spot in the G10 table after the marked selling on Friday. Economists at Société Générale expect EUR/USD to plummet to
Weiterlesen »