EUR/USD: Further selling, but a rebound first – SocGen EURUSD Banks
“Mont-end could elicit further selling today/tomorrow.”, like that facing the Fed, is that it may have to prolong the tightening cycle and by doing so cause a harder economic landing. This could bring down equities and credit markets. European securities have outperformed the US since the start of the year and a reconvergence would test the premise for a stronger EUR/USD.”
funds to 6%, it would be unwise to rule out further selling. We should, however, see a rebound first, if not before, then around 1.0450.”Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions.
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