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3 Reasons To Stay Bearish EUR/USD M/T Targeting Parity - Deutsche Bank
In a note today, Deutsche Bank outlines 3 reasons behind maintaining its medium term bearish EUR/USD view: First, despite recent Fed dovishness, the real rate differential between Europe and the US is not signaling a large divergence in FX versus monetary policy expectations...To change our medium-term euro view, we would need to agree with current market pricing, that the Fed is on hold this year. We don’t: one or two hikes seems more reasonable. Second, the underlying flow picture – our Euroglut thesis – is not changing either. Updated portfolio flow data released this week show that the relentless fixed ... (full story)
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- Apr 23, 2016 9:39pm Apr 23, 2016 9:39pm
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genghistar
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Ill-b-back
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