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Oct 27 - 12:55 AM

EUR/USD, EUR/GBP, USD/JPY: Tactical Bias - Danske

By eFXdata  —  Oct 26 - 04:30 PM

Danske Research summarizes its tactical bias on EUR/USD, EUR/GBP, and USD/JPY.

"EUR/USD - we expect the data to support expectations of Fed tapering, for cyclical indicators to calm further and for the USD to strengthen on the back of this over the coming quarters.

EUR/GBP - near-term risks are skewed to the upside if the Bank of England keeps monetary policy unchanged at its meeting next month and if the EU-UK relationship deteriorates further amid negotiations on the Northern Ireland protocol," Danske notes.

"USD/JPY - elevated commodity prices will continue to weigh on the JPY and we expect the cross to move higher as US yields begin to rise," Danske adds. 

Source:
Danske Research/Market Commentary

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