EUR/USD to be range bound around 1.15 level – Danske Bank

Sandeep Kanihama FXStreet Contributor

Valtteri Ahti, chief strategist at Danske Bank, suggests that after recent ECB talk of TLTROs, some pressure has eased off from the EUR/USD pair as USD came under pressure last night and the US called for a stable CNY.

Key Quotes

“We still see EUR/USD as a range around 1.15 and regard the cross a strategic buy on dips with triggers for a sustained move higher being an eventual stabilisation in euro-zone data and a trade deal – even if the positive impact of the latter on EUR/USD may be dented somewhat initially by a US short-term growth boost as well.”

“Focus today on FOMC minutes today: we still think the Fed is priced too dovishly for 2019 which should hold a hand under USD near term.”

Author

Sandeep Kanihama

FXStreet Contributor

Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.

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