FXstreet.com (San Francisco) - From Rabobank: “Both EUR/USD and the dollar index have returned to levels last traded in the spring when the impact of the ECB’s LTROs was lifting risk appetite.”

Rabobank concludes: “We have revised our FX forecasts on a 1 to 6 mth view to take account of more USD weakness although we maintain our call that EUR/USD will be positioned around 1.35 on a 12 mth view.”