- Analytics
- News and Tools
- Market News
- EUR/USD: The euro’s woes – Rabobank
EUR/USD: The euro’s woes – Rabobank
FXStreet says that dollar strength has been a market theme since the start of 2018 while the EUR is the weakest performing G10 currency so far this month. Economists at Rabobank are not expecting a euro recovery.
“We see little chance of a concerted bounce in EUR/USD in the coming weeks unless the fears about coronavirus dissipate sharply.”
“Given the USD’s safe haven function we interpret this as implying that the USD is set to be stronger for longer. By contrast, the EUR is currently being bogged down by the market’s reassessment of the German economic outlook.”
“EUR/USD is likely to continue hovering around the 1.08 levels in the coming weeks. With a lot of bad news priced in, the EUR would likely be sensitive to better news either on the domestic Eurozone economy or about the coronavirus.”
“If the economic news from China and S.E Asia worsens and the market consensus steps back from its hopes for a v-shaped recovery in Q2/Q3, EUR/USD would be vulnerable for a move towards 1.07 and potentially below.”
© 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
