EUR: Third best performing G10 currency in the year to date – Rabobank
24.07.2024, 11:26

EUR: Third best performing G10 currency in the year to date – Rabobank

The Euro (EUR) is the third best performing G10 currency in the year to date, after the Pound Sterling (GBP) and the US Dollar (USD). The EUR is also the third best performing G10 currency in the month to date, supported by relief that the far-right were beaten into third place in France’s run-off parliamentary elections, Rabobank’s senior FX strategist Jane Foley.

EUR/USD is currently trading in the upper half of the range

“The biggest influence on the EUR/USD exchange rate in the coming months is likely to be the US election. That said, EUR/USD is currently trading in the upper half of the range that has held through much of this year and the numerous bad spots in the Eurozone’s economic and political backdrop argue in favour of downside risk. We see EUR/USD moving lower, potentially to 1.05 on a 3-month view.”

“This year, the EUR has largely shrugged off Germany’s sluggish production sector, France’s budget woes and the fairly widespread move towards right wing politics across the region. The Eurozone maintains a current account surplus which should offer the EUR some protection from speculative flows and a souring in sentiment.”

“That said, assuming no surprise lurch in ECB-Fed rate expectations we see little justification for the EUR to hold levels in the upper-end of its range. Now that a September rate cut for the Fed is priced-in, we expect EUR/USD to edge lower. The 200-day sma is likely to offer some support around 1.0813.”

© 2000-2024. Sva prava zaštićena.

Sajt je vlasništvo kompanije Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

Svi podaci koji se nalaze na sajtu ne predstavljaju osnovu za donošenje investicionih odluka, već su informativnog karaktera.

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.

Politika sprečavanja pranja novca

Upozorenje o rizicima

Izvršenje trgovinskih operacija sa finansijskim instrumentima upotrebom marginalne trgovine pruža velike mogućnosti i omogućava investitorima ostvarivanje visokih prihoda. Međutim, takav vid trgovine povezan je sa potencijalno visokim nivoom rizika od gubitka sredstava. Проведение торговых операций на финанcовых рынках c маржинальными финанcовыми инcтрументами открывает широкие возможноcти, и позволяет инвеcторам, готовым пойти на риcк, получать выcокую прибыль, но при этом неcет в cебе потенциально выcокий уровень риcка получения убытков. Iz tog razloga je pre započinjanja trgovine potrebno odlučiti o izboru odgovarajuće investicione strategije, uzimajući u obzir raspoložive resurse.

Politika poverenja

Upotreba informacija: U slučaju potpunog ili delimičnog preuzimanja i daljeg korišćenja materijala koji se nalazi na sajtu, potrebno je navesti link odgovarajuće stranice na sajtu kompanije TeleTrade-a kao izvora informacija. Upotreba materijala na internetu mora biti praćena hiper linkom do web stranice teletrade.org. Automatski uvoz materijala i informacija sa stranice je zabranjen.

Ako imate bilo kakvih pitanja, obratite nam se pr@teletrade.global.

Банковни
транcфери
Feedback
Lajv čet E-mail
Povratak na vrh
Izaberi lokaciju / jezik