Deutsche Bank expecting grind lower into year end
From Deutsche Bank:
"EUR/USD weakened moderately following the Brexit outcome but the lack of follow-through is consistent with our assessment that the broader political and economic implications for Europe will take a very long time to play out. In the meantime reduced Fed expectations as well as European risk aversion have tended to provide countervailing support to the euro which can benefit from risk-aversion driven repatriation flows.
