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Jan 21 - 10:55 AM

EUR/USD: 2 Major Drivers; Where To Target? - Citi

By eFXdata  —  Jan 21 - 09:30 AM

Citi maintains a structural bullish bias on EUR/USD over the medium-term.

"CitiFX Strategy notes that the two major drivers behind this have been: 1) Investors have diversified away from the USD into a more balanced funding mix that includes more EUR; 2) EUR-centric concerns have mildly re-emerged. As above, these do not detract from the above bull thesis," Citi notes. 

"We remain bullish EURUSD, targeting 1.30 over time," Citi adds. 

Citi Research/Market Commentary


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