Danske Bank expects the EUR/USD to trade in 1.10-1.14 range.

Home / Danske Bank / Danske Bank expects the EUR/USD to trade in 1.10-1.14 range. FORECAST

Analysts from Danske Bank provided an expected range of 1.10-1.14 for EUR/USD after Fed announcement to cut the number of interest rate hikes from 4 to 2 this year. According to the analysts the strengthening US dollar is unlikely with the Fed set to deliver merely a September hike in 2016. “In the absence of USD support from relative interest rates, we are likely in for range-trading in the 1.10-1.14 interval for the pair near term before a more sustained move higher further out” written in the report.

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