EUR/USD: Broad M-Term Recovery Has More Legs; Where To Target? – CIBC

EUR/USD had already surpassed the 1.1700 level but retreated a bit. What’s next? Here is their view, courtesy of eFXdata: CIBC Research discusses EUR/USD outlook and adopts a bullish bias over the medium-to-long term. Looking beyond interest-sensitive capital flows, remember that the euro is also buttressed by an attractive Eurozone current account surplus that is expected […]

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