OctaFX | OctaFX Forex Broker
Open trading account

EUR/USD looks to be around fair value - JPMorgan

FXStreet (Bali) - At current levels of 1.33-1.34, when compared to its underlying drivers, EUR/USD looks to be around fair value, notes FX Strategists at JP Morgan.

Key Quotes

"At current levels of 1.33-1.34, EUR/USD looks to around fair value versus its underlying drivers like short-end rate spreads, peripheral spreads and equity volatility."

"Risks are balanced into year-end. Downside (below 1.30 this year) requires a more substantial rise in US 2-yr yields beyond JPM’s target of 0.9%, but the Fed would need to pull forward its guidance to trigger that large a move."

"A much higher EUR/USD (beyond 1.36) would require a softer US economy or decline in US inflation, which also seem like low-odds events."

Chile BCCH Interest Rate: 3.5% (August) vs previous 3.75%

Read more Previous

EUR/JPY bears on top while we consolidate

EUR/JPY is trading at 136.93, having posted a daily high at 137.00 and low at 136.90.
Read more Next
Start livechat