EUR/USD: Risk of moving back to 1.06 on a 6-month view – Rabobank

Matías Salord FXStreet

The EUR/USD is about to its lowest weekly close since June, below 1.0900. Analysts at Rabobank see risks of the pair moving toward 1.06 on a six-month view.

Key quotes:

While the USD has recently found support from the ‘higher for longer’ rate theme, it has also found buyers on the back as safe-haven flows as the news from China becomes more worrying.

We maintain our 3-month EUR/USD forecast of 1.08 and see risk of EUR/USD moving back to 1.06 on a 6 month view before Fed rate cuts make way for a softer outlook for the greenback.

Author

Matías Salord

FXStreet

Matías started in financial markets in 2008, after graduating in Economics. He was trained in chart analysis and then became an educator. He also studied Journalism. He started writing analyses for specialized websites before joining FXStreet.

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