EUR
Exclusive EUR/USD - how anchored?
In view of the imbalance of uncertainties, we expect that price action in EUR/USD in the coming weeks will continue to be dominated by news pertaining to the USD.
Exclusive USD - on the defensive
As we have argued before, the USD’s position as the dominant invoicing currency around the world should offer it some protection from wobbles in the US Treasury market.
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.