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Jun 03 - 12:55 PM

EUR/USD: Stuck Around 1.22; Likely Going Sideways For Now - Danske

By eFXdata  —  Jun 03 - 10:45 AM

Danske Research sees EUR/USD stuck in a range-bound in the near-term.

"EUR/USD remains range-bound and this seems to be a recurrent theme over recent weeks as the cross remains stuck around 1.22. At least for now, most of what is happening is simply confirming the consensus narrative and thus surprises are low," Danske notes. 

"Maybe the next round of PMIs or the upcoming FOMC meeting can change that - but we are likely going sideways for now amid a vacuum in key data/surprises," Danske adds. 

Source:
Danske Research/Market Commentary

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