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EUR/USD keeps the 1.10-1.16 range – Danske Bank

FXStreet (Edinburgh) - Senior Analyst at Danske Bank Christin Tuxen expects the pair to remain in a consolidative range between 1.10 and 1.16.

Key Quotes

“We see EUR/USD range-bound between 1.10 and 1.16 in the coming months with a move lower as markets buy into a first Fed hike in early 2016”.

“Notably, our not-so-aggressive call on ECB easing (a mere extension of QE) limits the EUR downside from euro-area monetary policy”.

“The US yield curve is in for a repricing around the first Fed hike, but we think the market will price in a relatively shallow hiking cycle and thus cease to be a USD positive beyond Q1”.

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