EUR/USD SEEN AT RISK OF BOTTOMING IN THE 1.06 AREA ON A THREE-TO-SIX-MONTH VIEW – RABOBANK

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Economists at Rabobank share their EUR/USD forecast.

Dollar trend has further to run

On a one-month view, USD is the best-performing G10 currency. However, we expect that this trend has further to run. 

We have maintained a three-month EUR/USD forecast of 1.08 for some time. 

We see risk of EUR/USD bottoming in the 1.06 area on a three-to-six-month view before the USD loses steam as Fed rate cuts move into view

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