EUR/USD: Sideways shuffle and subdued volatility until the May ECB and FOMC meetings – SocGen EURUSD ECB Fed Bonds Banks
Rate cuts in the US later this year would help EUR/USD to move beyond 1.10
“The 2y US yield must ideally either retrace to 3.64%/3.55% or advance through 4.15%/4.25% to break the tedium in EUR/USD.”to move beyond 1.10. Conviction of a decisive break remains low, however, and buyers are unlikely to test the upper end of the range until there is greater visibility on where US and Eurozone interest rates peak and whether a recession in the US is forthcoming or not.” Information on these pages contains forward-looking statements that involve risks and uncertainties.
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