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- EUR/USD: A break of 4.5% in US 10s may be the key signal to look for a break above 1.08 – SocGen
EUR/USD: A break of 4.5% in US 10s may be the key signal to look for a break above 1.08 – SocGen
Kit Juckes, Chief Global FX Strategist at Société Générale, analyzes EUR/USD outlook and how US 10-year yields could impact the pair.
4.5% in US 10s and 1.08 levels in EUR/USD unlikely to be broken today
For Dollar bears, a break of 4.5% in US 10s may be the key signal to look for a break above 1.08 in EUR/USD.
I will be surprised if we can get anywhere close to breaking either level today, but I expect both to break in their own good time.
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