FXStreet (Guatemala) – Analysts at Deutsche Bank explained that they remain euro bears and target a move down to 95cents by the end of this year.
Key Quotes:
“The key difference from last year is that the dollar will have to do more legwork. This is why we also like buying the trade- weighted dollar.
The USD should be helped by its move into the ranks of a high-yielding currency by year-end, large-scale repatriation of American capital, and the record run of negative US data surprises that poses upside risks versus expectations. Europe can’t be forgotten either, however.
There remain persistent risks of additional easing from the ECB, but we show that even a potential (hawkish) repricing of ECB QE expectations later in the year will not matter than much for EUR/USD compared to the Fed.”
(Market News Provided by FXstreet)