1.10-1.14 range on EUR/USD from Danske Bank.

Home / Danske Bank / 1.10-1.14 range on EUR/USD from Danske Bank. FORECAST

“With the Fed set to deliver merely a September hike this year, in our view, the case for USD upside from Fed repricing near term looks increasingly weak. At the same time, the ECB has now given up the fight for further euro depreciation” said in the report from Danske.

According to the analysts the currency pair will trade in the 1.10-1.14 range in short term horizon.

As of 02:50 PM EDT the EUR/USD currency pair was trading at 1.1205, which is 0.36% above the previous close.

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