EURUSD to hit parity again before strong resistance at 1.0350/70 is breached – Rabobank EURUSD Banks
“The market’s focus on peak inflation is misplaced with the issue for the Fed more likely to be about the persistence of price pressures. This implies that once Fed rates do reach their peak level, that they will then stay higher for longer. This suggests that the USD could hold on to most of this year’s gains for longer.”
“Strong resistance awaits in the EURUSD 1.03.50/70 area. We see risk that parity will be hit again before this area is breached.” Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions.
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