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- EUR/USD unlikely to go down much - SocGen
EUR/USD unlikely to go down much - SocGen
eFXdata reports that Societe Generale Research discuss EUR/USD prospects.
"The question for the dollar is still more one of what happens elsewhere. Bund yields are at -0.1%, their highest level in almost two years. With vaccination rates picking up, economic optimism is likely to improve too and whether the FOMC holds its resolve in the face of upside CPI surprises or not, we can be pretty sure the ECB will be alarmed if they see any significant uptick in inflation. We’ll be surprised if EUR/USD goes down much as Bund yields rise, even if US yields rise slightly more," SocGen adds.
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