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Thomson Reuters
Jun 05 - 01:24 AM
EUR/USD: Rallies A Sell Targeting 1.10 In 3-Months - SEB
First appeared on eFXplus on Jun 04 - 03:15 PM

SEB Research discusses EUR/USD outlook and adopts a bearish bias in the medium term, targeting the pair at 1.10 over a three month horizon.

"Given the outlook for continued Fed tightening this year and next, we expect the dollar to continue to regain lost ground in coming quarters.

Further widening of interest rate differentials is likely to give further support to the USD near-term and a move down towards 1.10 in EUR/USD seems likely.

However, once the ECB and other central banks start to normalize policy, we believe these forces, together with USD-negative rebalancing flows, will exert renewed downward pressure," SEB argues. 

Source:
SEB Research/Market Commentary

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