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.
“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.”
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