Foreign exchange strategists at Credit Suisse are holding onto their view that the Euro will head lower against the Dollar, saying the Federal Reserve won't "bail out investor sentiment".
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The foreign exchange market is torn between competing drivers: risk-on/risk-off and global interest rates differentials and the latter will win out says HSBC.
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Federal Reserve Chair Jerome Powell sent a lighting rod through financial markets on the final day of November when he said he no longer expects inflation to be temporary.
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The Euro-Dollar exchange rate ended last week with a steamrolling rally alongside the safe-haven Swiss Franc and Japanese Yen but could struggle for further traction over the coming days if global …
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“Pre-existing economic and geopolitical backdrop heading into the Nu variant, the balance of risks over the next 1-2M, and the potential for a shift to 'phase 2' in the USD, should eventually open …
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EUR/USD pressuring support at 1.1292, 1.1248 and risks unravelling to 1.10 without a USD retreat.
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The latest forecasts from Barclays suggest current lows could have been the single currency’s nadir.
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