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Jun 02 - 10:55 AM

EUR/USD: Sticking To The Idea That A Move Towards 1.2350 Is Feasible Ahead Of Next Week's ECB - Credit Suisse

By eFXdata  —  Jun 02 - 09:30 AM

Credit Suisse discusses EUR/USD outlook ahead of next week's ECB June 10 policy meeting.

"...In this context, our best assessment is to hold on to the view that the USD is unlikely to get a very big lift from Friday’s numbers, and we continue to stick to the idea that a move towards 2021 highs near EURUSD 1.2350 remains feasible ahead of the 10 Jun ECB meeting," CS notes.

Ultimately, we remain skeptical of hawkish risks from the ECB decision, given the possibility that such an outcome could lead to EURUSD storming past those highs, undermining inflation expectation," CS adds. 

Credit Suisse Research/Market Commentary


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