Conditions for sustained USD weakness not fully in place
globalreutersAugust 26, 20241 Mins read • The bank suggests that EURUSD is overvalued, and that the pair has overshot its fundamentals
• Thinks near-term fair value is closer to 1.10 for EURUSD
• They expect better US data in coming months to push back on excessive rate cut expectations to support the USD
• Believes 100bp of cuts priced for the Fed by year-end is excessive
This article was written by Arno V Venter at www.forexlive.com.
Related Articles
University of Michigan consumer sentiment final for November 71.8 versus 73.7 estimate
Preliminary 73.0Consumer sentiment 71.8 versus 73.7 estimate. Preliminary 73.0. Prior month 70.5Expectations...
Tech giants stumble: Communication services slump amid mixed market signals
Sector OverviewThe stock market is showcasing a mixed bag of performances today,...
S&P global manufacturing PMI 48.8 versus 48.8 estimate. Services 57.0 versus 55.2 estimate
Prior month manufacturing 48.5. Prior month services 55.0S&P global flash manufacturing index...
US indices are trading marginally higher to start the day
The major US stock indices are marginally higher to start the new...
Leave a comment