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Outlook for EUR/USD: Rabobank

The sharp price moves in EUR/USD in recent weeks are extraordinary for such a liquid currency pair. We argue that despite the sharp correction higher, the downtrend in EUR/USD remains intact. That said, our house view th…

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The sharp price moves in EUR/USD in recent weeks are extraordinary for such a liquid currency pair.  We argue that despite the sharp correction higher, the downtrend in EUR/USD remains intact. 

 
That said, our house view that the Fed may not be ready to hike interest rates until the end of the year provides a strong argument in favour of a moderation in the pace of any further USD gains in the coming months.

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