The post EUR/USD to consolidate in the 1.08-1.09 range in the near term – Danske Bank appeared on BitcoinEthereumNews.com.

EUR/USD fell below 1.09 yesterday, Danske Bank’s FX analyst Jens Nærvig Pedersen reports.  EUR/USD struggles to gain upside traction “Despite the FOMC’s dovish stance, which has pressured US yields lower, and President Trump’s comments advocating rate cuts, EUR/USD has struggled to gain upside traction. Instead, the pair has steadily declined, with the USD broadly strengthening across G10 yesterday, likely driven by risk-off sentiment.”  “No clear catalysts have emerged, as jobless claims remain relatively stable and the Philadelphia Fed business outlook slightly exceeded expectations. The risk of further EUR/USD decline is reflected in one-week risk reversals falling to 42bp in favour of puts over calls – the most bearish sentiment since the beginning of March.”  “We still expect EUR/USD to consolidate in the 1.08-1.09 range in the near term.” Source: https://www.fxstreet.com/news/eur-usd-to-consolidate-in-the-108-109-range-in-the-near-term-danske-bank-202503211028

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Filed under: News - @ March 21, 2025 12:22 pm