EUR/USD: The lower end in the pair remains unattractive – Commerzbank EURUSD Banks Fed Macroeconomics
benefited from the broad US Dollar weakness and climbed above 1.0900. For now, the lower end in EUR/USD remains unattractive, in the view of economists at Commerzbank.“As long as everything continues to point towards a recession, the market is unlikely to rethink its expectation of the Fed lowering interestagain in the second half of the year, which constitutes the basis of the current Dollar weakness. For now, the lower end in EUR/USD remains unattractive.
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