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EUR/USD: 'Keep The Faith' In A Decisive Break Higher - NAB
NAB FX Strategy Research maintains holding a bullish EUR view following Emmanuel Macron’s victory in the French elections, expecting further EUR/USD gains over the coming weeks and months. In that regard, NAB argues that while the real challenge for Macron will be his ability to break the mould and make France and the euro project work for the many, this won't be an issue that will drive the EUR in the short-term given the optimism that Macron'snew platform can bring. For the ECB,NAB argues that the removal of tail risks clears the way for the June meeting to slightly alter its guidance via removal of the words ... (full story)