Ekonomické zprávy
19.10.2021

EUR/USD: Cautious ECB to drag the euro down towards 1.15 - Rabobank

FXStreet reports that economists at Rabobank stick to the view of lower EUR/USD ahead.

“We are viewing the current pullbacks in the USD as corrective and continue to expect the USD to push higher over the medium-term.”

“While the recent sell-off in the EUR suggests it may be more sensitive to hawkish remarks from ECB members in the build-up to forthcoming ECB meetings, the cautious stance of the policy guidance from the central bank suggests that room for a concerted recovery in the EUR is still limited.”

“We retain our three-month forecast of EUR/USD 1.15.”

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