EUR/USD can still trade back above 1.15 in this cycle – SocGen

Market news

8 June 2023

EUR/USD can still trade back above 1.15 in this cycle – SocGen

Kit Juckes, Chief Global FX Strategist at Société Générale, analyzes EUR/USD outlook.

Rates market now prices the ECB-Fed rate gap narrowing by less than it did

In terms of how the market is trading, we can see EUR/USD struggling as the market pricing for the Oct/Nov ECB-Fed rate gap falls back.

EUR/USD can still trade back above 1.15 in this cycle, but that won’t happen unless/until European data improve enough to push out pricing of early ECB easing.

See: EUR/USD to fall to 1.02 by the end of the year – Morgan Stanley

Currencies. Daily history for Thursday, June 8, 2023

Commodities. Daily history for Wednesday, June 7, 2023

Market Focus

Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer

Open Demo Account & Personal Page

Personal area

support@teletradepartners.com

Risk Warning: Trading in the financial markets (including trading on margin) provides a wide range of opportunities and enables investors ready to take risks to make high profits, but it carries a potentially high level of risk of loss. Therefore, prior to trading you should take into careful consideration whether such operations are suitable for you in terms of your level of knowledge and financial situation.