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Thomson Reuters
Apr 11 - 05:00 PM
EUR/USD: Still Neutral On 2-Way Risk & Sequencing Matters Highly - TD
First appeared on eFXplus on Apr 11 - 03:15 PM

TD Research discusses EUR/USD outlook and maintains a neutral bias in the near-term. TD targets EUR/USD at 1.14 by mid-year.

"We see considerable two-way risks for now. Sequencing matters highly. EUR could begin to rally if growth dynamics begin to improve and real rates rise, but this may be a Q2 story - or later," TD notes. 

"Nearterm, threats of auto tariffs pose a considerable threat to EUR if the US pivots to a focus on Europe. This could send EURUSD into a new, lower trading range," TD adds. 

Source:
TD Bank Research/Market Commentary

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