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EUR/USD: Pair stays range-bound amid Dollar outperformance – Societe Generale
EUR/USD remains range-bound, with Societe Generale’s Kit Juckes putting its ‘fair value’ near 1.1150 following the latest CPI-driven move in US rates. While retaining a year-end EUR/USD target of 1.10, he emphasises the US economy’s continued outperformance. Following CPI, the upcoming US PPI release may attract greater attention.
What Is Keeping EUR/USD in a Tight Range?
"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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