EUR/USD: Further signs of dysfunction in Europe could weigh heavily on the euro – Rabobank
|Given the USD’s safe-haven appeal economists at Rabobank see scope for a move towards EUR/USD 1.05 on a 3-month view.
Key quotes
“Lengthening unemployment queues and the disagreements about debt pooling threaten to increase the pressure in the region.”
“Renewed signs of tension between the US and China may be a drag on the EUR due to the impact on Germany’s trading channel.”
“Set against a backdrop of solid demand for the USD, we see scope for a dip in EUR/USD towards 1.05 on a 3-month view.”
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.