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Aug 10 - 12:55 PM

G10: Our EUR/USD 0.97 Target And AUD/USD 0.6550 Target May Need To Wait For September - Credit Suisse

By eFXdata  —  Aug 10 - 10:45 AM

Credit Suisse discusses its EUR/USD and AUD/USD medium-term targets. 

"As our base case equates with higher US rates and likely higher implied volatility at least for equities, the core underlying premise of USD strength we still subscribe to would get a fresh lift. But with more CPI and employment data prints due ahead of 21 Sep, we doubt this leads to a decisive situation where key supports such as EURUSD 1.0000 and USDJPY 140.00 (our current target) are breached over the course of this month," CS notes. 

"Our medium-term targets such as EURUSD 0.9700 and AUDUSD 0.6550 likely need more supportive catalysts over the course of September before they can be realised," CS adds.

Source:
Credit Suisse Research/Market Commentary

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