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Citi expect EURUSD to trade in a range of 1.07-1.12 (previously expected rise to 1.15)

CitiFx on EUR/USD, this comes via the folks at Trading View (may be gated) In summary:expects EURUSD to trade in a range of 1.07-1.12, having previously argued for EURUSD rising closer to 1.15 last NovemberCiting:considers the ECB underpricedsees further euro zone terms-of-trade improvement due to natural gas price declinesnot enough to offset China growth concerns - April data the most recent disappointment, specifically the contraction y/y in imports .... this has increased the risk that euro... Read More

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Citi

Expect

Eurusd

Trade

Range

07

12 Previously

1 07 1 12

previously

Expected

Forex

Posted: May 23 2023, 22:15

Author Name: forexlive

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