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fxJun 15, 2026, 10:27 AM

Rabobank Sees Gradual Upside Path for Euro

Rabobank's FX strategy team outlines a gradual upside path for the euro, noting that the dollar's initial safe-haven gains during the Iran conflict have faded after a ceasefire memorandum eased tensions and reduced Fed hike expectations.

EURUSD

Rabobank's FX Strategy team at RaboResearch Global Economics & Markets has outlined a gradual upside path for the euro. The analysis notes that the US dollar initially benefited from safe-haven flows during the Iran war, but has since softened.

The shift followed a ceasefire memorandum that eased market tensions and tempered expectations for Federal Reserve interest rate hikes. This changing dynamic supports a more favorable outlook for the euro against the dollar.

The team's view suggests a measured appreciation for EUR/USD as geopolitical risks recede and monetary policy expectations adjust.

Source: FXStreet Forex News