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Jul 15 - 06:55 PM

EUR/USD: Neutral N-Term; Bearish M-Term - Danske

By eFXdata  —  Jul 15 - 03:00 PM

Danske Research discusses EUR/USD outlook and sees the pair hovering around 1.18 in 1-month before heading lower towards 1.15 in 12 months.

 "We keep our current profile on EUR/USD unchanged in favour of H2 USD strength, as we expect further move towards a tightening of global liquidity conditions, peak inflation expectations and a strong US jobs recovery

"The key risk is for US jobs data to disappoint during Q4, and a stronger-than-expected uptick in Chinese credit," Dankse notes. 

Source:
Danske Research/Market Commentary

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