EUR/USD is under pressure - SocGen

Kit Juckes, Research Analyst at Societe Generale, notes that the EUR/USD is under pressure as concerns about growth and the financial system keep Bund yields at their lows.

Key Quotes

“But a EUR/USD bear gets no real comfort form relative rate or yields trends, in either real or nominal terms. Momentum and chart patterns seem to point to a drift towards 1.08 but that would be easier to envisage if Treasury yields headed higher in the days ahead.”

Jul 11, 2016

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