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EUR/USD bearish 12 month view - Rabobank

FXStreet (Barcelona) - Jane Foley, Senior Currency Strategist at Rabobank explained that while it is clear that the market needs to undergo this period of adjustment on USD positioning, we are still of the view that the USD can strengthen medium-term.

Key Quotes:

“The spate of weak German data recently has increased the pressure on the ECB to extend its policy stimulus while the BoJ are continuing to operate an enormous monthly asset purchase plan”.

“Even though the pace of any USD gains in the coming month is likely to be moderated by a cautious Fed, the USD still appears to be the best of the bunch”.

“We continue to look for a move towards EUR/USD1.22 on a 12 mth view”.

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