EUR/USD: 1.05 on 3mth view - Rabobank

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Nov 19, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    FXStreet (Guatemala) - Analysts at Rabobank explained that it is their view that currency moves are of extreme importance for a number of major central banks at present.

    Key Quotes:

    "Even though the US has a smaller merchandise trade/GDP ratio than most other major economies, references to the USD’s strength in the October FOMC meeting and a speech by Fed Vice-Chair Fischer last week explaining the impact of USD strength on US exports and inflation gives credence to the view that USD strength could slow the pace of Fed policy actions.

    Unless US inflation spikes higher the Fed could attempt to moderate USD appreciation In turn this could translate to an increased effort by some other central banks including the ECB to stimulate their economies. We target a move to EUR/USD1.05 on a 3 mth view."
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