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Mar 22 - 09:55 AM

EUR/USD: Noisy In The Short-Term With Risks Remain Tilted To The Downside - Citi

By eFXdata  —  Mar 22 - 08:43 AM

Citi summarizes its bias on EUR/USD in the near-term.

"EURUSD in the short-term is noisy. Ahead, risks remain titled to the downside. We highlight a dovish Fed, the value rotation in equity space, and benign developments on the political and fiscal fronts will support EUR, while being a laggard in global rise in yields, slow vaccination progress, and new lockdown measures point to EUR weakness," Citi notes. 

"Ahead, this week, we watch the EU Summit on Thursday & Friday where vaccine export restrictions are likely to be front-and-centre." Citi adds. 

Source:
Citi Research/Market Commentary

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