Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
May 06 - 09:55 AM

EUR/USD: Expecting A Return To 1.21-1.22 Level N-Term - Danske

By eFXdata  —  May 06 - 08:30 AM

Danske Research discusses EUR/USD outlook and sees  a scope for a move towards 1.21-1.22 level in the near-term.

"The pair is facing a cross roads between bottlenecks potentially hindering further acceleration in global manufacturing activity, which would be EUR/USD negative, and the prospects of significant pent-up demand in particular in the US adding to inflationary pressures, which would be EUR/USD positive," Danske notes. 

"We think the latter will be the main focus in the short-term and could see the pair return to the 1.21-22 level," Danske adds.

Source:
Danske Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2021 eFXdata · All Rights Reserved
!