EUR/USD seen trading back down at 1.07 on a three-month view – Nordea EURUSD InterestRate Inflation UnitedStates Banks
Disinflation has hurt the USD with US interest rate expectations tilting towards interest rate cuts rather than interest rate hikes. Falling inflation has also lifted risk sentiment. That has not been supportive for the USD, a traditional safe haven, that benefits when there is risk-off.
The USD is likely to perform again when the probability of a soft landing fades and risks of higher interest rates for longer prevail. 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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