EUR/USD to sink towards 1.16 /Euro has no momentum-Jackson Hole

“Fed hawk Kaplan last week indicated that a rise in Delta cases could make him rethink the timing of his support for tapering. While this would be a USD negative factor on one hand, delta worries may simultaneously increase the safe-haven appeal for the USD.”

“On balance, while pullbacks are likely to be par for the course, we see scope for EUR/USD to head towards 1.16 on a six-month view.”


Source : fxstreet.com/news/eur-usd-to-sink-towards-116-over-the-next-six-months-rabobank-202108251436
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