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EUR/USD Will Reach 1.20 Before It Reaches 1.00 - Danske
Growth. US growth surprised on the downside in Q2 but recent labour market data has surprised on the upside. Private consumption should be supported in coming months despite the weak July retail sales. European data have been stronger than we expected given Brexit but the sharp slowdown in the UK is likely to impact the eurozone with a lag. As such, we expect to see some softness in European data in the coming months. Monetary policy. The Fed was slightly more hawkish than expected at its July meeting. Fed chairman Janet Yellen is likely to give more clarity on her thinking regarding monetary policy at her Jackson ... (full story)
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