EUR

Exclusive EUR - can it/should it strengthen?

At the end of last month EUR/USD lurched higher. On Friday, the currency pair traded at its highest levels since June 17.

Exclusive USD - is the rally over?

The USD is the worst performing G10 currency on a 5-day view, with the DXY dollar index having lost around 2% since its late July levels.

Exclusive EUR/USD - wary

The USD has benefitted from a combination of safe haven flows and hawkish expectations regarding the Fed.

EUR - reality check

In our view, the market is likely to be reluctant to rebuild large, long positions in the EUR in the months ahead.

We maintain the view that EUR/USD will struggle to regain the directional uptrend that was in evidence for much of last year

This month the DXY dollar index has traded at its highest levels since last spring, which begs the question of whether the greenback has entered into a cyclical upswing.