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Nov 15 - 09:55 AM

EUR/USD: Positioning A Lot Cleaner; Staying Bearish - Citi

By eFXdata  —  Nov 15 - 08:42 AM

Citi maintains a bearish bias on EUR/USD over the coming weeks.

"CitiFX Strategy reminded that with inflationary pressures rising, the Fed has given itself full optionality to quicken the pace of taper early next year, paving the way for earlier hikes. This is in sharp contrast to the ECB who remain committed to their forward guidance," Citi notes. 

"With positioning a lot cleaner, we think that rate and growth differentials will continue to weigh on EURUSD," Citi adds. 

Source:
Citi Research/Market Commentary

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