Euro Sideways vs USD as Sentiment Cools: Rabobank
Rabobank notes that euro sentiment has cooled after earlier optimism over Germany's debt brake, with political risks and structural headwinds now weighing on the currency.
EURUSD
Rabobank sees the euro trading sideways against the US dollar as sentiment cools. The initial optimism following reform of Germany’s debt brake has faded, with political uncertainties and structural headwinds now capping any upside. The bank’s note points to a neutral near-term outlook for EURUSD.
Source: FXStreet Forex News