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Nomura forecasts EUR/USD to 1.02, toward parity is "very possible" if oil price stays firm
Nomura analyst speaking with Bloomberg TV on Monday:EUR/USD towards 1.02 & towards parity is very possible as long as oil prices don't find a way to collapseU.S yields ... U.S rates suggest that EUR/USD should be at 1.01 to 1.03 already and if oil gets to $100/bbl to $110/bbl it's very easy for the Euro area to see their currency weaker because they are an energy importer EUR/USD ... it's been a zigzag up down up down ... looks to be finally an exit of that range band price action ... looks mo...
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Posted: Oct 2 2023, 21:33
Author Name: forexlive
Views: 113090