EUR/USD looks in a good position to retest recent peaks near 1.05 – Scotiabank EURUSD Banks Fed Equities Europe
“Peak Fed” pricing will exert more pressure on the USDrelative to US markets will help keep the EUR underpinned in the short run while ‘peak Fed’ pricing will exert more pressure on the USD in the longer term, paving the way for additional, if modest, EUR gains into 2023.”
“Solid gains overall yesterday will offset the bearish price action in the EUR we saw at the start of the week to some extent but new highs are needed to give the EUR a more obvious and sustained lift.”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.
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