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In our view, the market is likely to be reluctant to rebuild large, long positions in the EUR in the months ahead. That said, while the USD has benefited from a resilient US economy, it is RaboResearch’s view that hawkish bets on the Fed are overdone.
Marketing communication / Non-Independent Research. This publication is issued by Coöperatieve Rabobank U.A., registered in Amsterdam, and/or any one or more of its affiliates and related bodies corporate (jointly and individually: “Rabobank”). Coöperatieve Rabobank U.A. is authorised and regulated by De Nederlandsche Bank and the Netherlands Authority for the Financial Markets. Read more
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