EUR/USD to move downward to 1.05 amid prolonged dollar strength – BofA EURUSD Fed Banks ECB
is set to become potentially stronger for a bit longer, according to economists at Bank of America Global Research, who maintains a bullish bias on the USD over the coming weeks. “Initiation of Fed hiking cycles has typically not boded well for USD prospects, but a hawkish Fed tone amid high inflation risks could end up supporting the dollar for a while longer if terminal rate expectations continue to rise against backdrop of persistent"We recently downwardly-revised our EUR/USDto 1.
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