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Euro To US Dollar September Outlook: Bearish Strategy, "Sell Tactical Rallies Over Coming Weeks" Say Danske
Analysts at Danske Bank have reiterated their bearish outlook for the Euro (EUR) against the U.S. Dollar (USD) in a brief on Thursday. "We maintain our bearish strategic stance on EUR/USD and would look to sell tactical rallies over the coming weeks" says Kristoffer Kjær Lomholt, Director, FX and Rates Strategy at Danske Bank. For reference, the Euro to Dollar exchange rate (EUR/USD) is trading at 1.0874, 0.51% lower than the daily opening levels. Recent FX data reveals that the EUR/USD pair has crossed the 1.09 mark. This movement can be linked to unexpected shifts in the US labour landscape. ... (full story)