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EUR/USD further decline expected, albeit at a slower pace – Danske Bank

FXStreet (Edinburgh) - Jens Pedersen, Senior Analyst at Danske Bank, sees spot slipping to lower levels in the near to medium term.

Key Quotes

“In the global FX markets, USD on Friday regained some of its recent losses and with no significant near-term drivers we expect the USD to consolidate over the coming days”.

“Fundamentally, the trend of a stronger USD remains firmly in place and we still expect EUR/USD to trade lower in the coming months”.

“However, the pace of decline is likely to be slower compared with the recent month’s USD rally”.

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