Softer inflation data are causing EUR to lose upward momentum.
EUR is left as a relative G10 low yielder that is now losing the upward rate momentum that was so instrumental to its strength over the past 8 months, but without the cushion of dramatic 2024 cuts having already been priced in. This in our view leaves open the door for EUR/USD to test 1.0500 near term.Information on these pages contains forward-looking statements that involve risks and uncertainties.
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