In a note to clients, Deutsche Bank updates its view on EUR/USD where DB has been and remains structurally bearish. DB's bearish EUR/USD view since last year has relied on two major forces: large-scale European capital outflows and the eventual prospect of Fed exit from ultra-accommodative policy. How are these two forces lining up now? Here are the updates from DB along with its targets for EUR/USD over the coming months. 1 - "The European outflow story remains fully on track. We continue to see European outflows as part of a multi-year shift in portfolio allocation behaviour towards foreign assets," DB notes. 2 - ... (full story)