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Deutsche Bank says it's time to take proftis on EUR/USD bets
Deutsche Bank came into the year positive on the euro and it's performed, rising to 1.10 from around 1.06 in late December. Now they say the "positive European story has now largely been priced in" and suggested taking profits.Ultimately, they see EUR/USD rising to 1.15-1.20 but that rests on a pivot from the Fed."What are the relevant drivers? First, more evidence that US inflation is coming down allowing the US yield curve – a key indicator of dollar direction - to steepen even more, though it...
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Posted: May 5 2023, 14:40
Author Name: forexlive
Views: 110143