EUR/USD expected to gravitate around 1.20 near term – Danske Bank
|Senior Analyst at Danske Bank Morten Helt sees the pair orbiting around the 1.2000 handle in the short term horizon.
Key Quotes
“In the majors, US President Trump's comment before the United Nations failed to trigger a marked response in USD, JPY, CHF or the gold price”.
“EUR/USD has been trading in the 1.19- 1.20 range ahead of the FOMC meeting tonight. This could turn focus back towards US monetary policy normalisation, which could lend some support to USD”.
“However, the market has already started to price in a December rate hike with a higher probability. It means that any dig in EUR/USD should be shallow and short-lived. We look for EUR/USD to trade around 1.20 in the short term”.
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. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.