Euro recovery signals offer limited upside vs dollar, BBH says
Brown Brothers Harriman analyst Elias Haddad points to improving Eurozone leading indicators but expects only capped gains for the euro against the US dollar.
EURUSD
Eurozone economic signals are turning more favorable, with Germany’s IFO business climate index, composite PMI and ZEW sentiment gauge all pointing to improvement, according to Brown Brothers Harriman’s Elias Haddad.
Despite these recovery signs, the euro’s near-term gains against the US dollar may be limited. Haddad noted the positive trend in forward-looking indicators but suggested the upside for EUR/USD remains capped.
Source: FXStreet Forex News