EUR/USD: Break higher is justified but further gains more limited – MUFG

Notícias do Mercado

17 julho 2023

EUR/USD: Break higher is justified but further gains more limited – MUFG

Economists at MUFG Bank suspect EUR/USD may be returning to the range of 1.1000-1.1500.

How high can this move go?

There are good reasons to believe this move higher for EUR/USD could mark a break into a new higher trading range – say between 1.1000-1.1500.

Further gains though could become more constrained given still weak Eurozone growth and the potential for the ECB to refrain from hiking in September.

See: EUR/USD appears a bit overstretched in the short term and could face a correction this week – ING

Gold price finds strength on Greenback’s weakness ahead of US Retail Sales

Further gains across CEE FX albeit at a slower pace – ING

O foco de mercado

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