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fxJul 3, 2026, 6:14 PM

ABN AMRO Sees Reduced Upside for EUR/USD on Policy Divergence

ABN AMRO economist Bill Diviney expects the US dollar to weaken broadly but notes slightly less upside for EUR/USD after revising the ECB outlook and incorporating French and US elections.

EURUSD

ABN AMRO economist Bill Diviney expects the US dollar to weaken broadly. However, he notes slightly less upside for EUR/USD after the bank revised its European Central Bank outlook and factored in the French and US elections.

The adjustment reflects a divergence in policy paths between the Fed and the ECB, which may temper the euro's gains against the dollar.

Source: FXStreet Forex News