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EUR/USD: Dollar outperformance leaves pair rangebound – Societe Generale
EUR/USD ‘fair value’ is near 1.1150, according to Societe Generale’s Kit Juckes. The latest US CPI-driven move in rates has left the pair rangebound. With the US economy still outperforming, he retains a year-end EUR/USD target of 1.10. Following CPI, the forthcoming US PPI figures may attract greater attention.
Euro pair remains tightly rangebound
"Yesterday’s US rates reaction to the CPI data helped put EUR/USD ‘fair value’ at 1.1150, very close to where it is trading this morning."
"The bottom line is that there may be storm clouds gathering beyond the horizon, but for now the US economy continues to outperform most others."
"Our year-end EUR/USD target of 1.10 is not obsolete yet."
(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor. Know more.)
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