BNY notes post-Sintra pattern favoring Euro against US Dollar

BNY's Geoff Yu points to a seasonal pattern in the Euro following the European Central Bank's Sintra forum. Historically, hawkish comments from ECB President Christine Lagarde at the event tend to support EUR/USD strength from late June into early July.

This tactical pattern suggests potential upside for the Euro against the US Dollar in the near term, according to the note. The observation is based on recurring market behavior around the Sintra gathering.