- Analytics
- News and Tools
- Market News
- EUR/USD to dip towards 1.11 before turning higher later in the year – Rabobank
EUR/USD to dip towards 1.11 before turning higher later in the year – Rabobank
The safe-haven US dollar has given back some ground versus the euro. Still, economists at Rabobank expect the EUR/USD pair to edge lower towards 1.11 in the coming months before paring back losses later in the year.
Some indigestion on attempts to break below 1.13
“The market is already positioned long of USD and this appears to be creating some indigestion on attempts to break below EUR/USD 1.13.”
“Given the ongoing geopolitical risks, signs that the ECB will remain cautious on policy tightening and expectations that the Fed will be hiking rates in just a few weeks’ time, we see scope for EUR/USD to edge towards 1.11 during H1 before turning higher later in the year.”
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
