EUR/USD: More danger of approaching parity than of exceeding 1.10 again – SocGen

Kit Juckes, chief currency strategist at Société Générale, discusses the outlook for EUR/USD.

A real surprise is needed to really excite the market

As US data continues to beat expectations, and the rates market increasingly prices RECN easing in mid-2024, there remains more danger of EUR/USD moving closer to parity, which to return to above 1.10.

Expectations of strong US data and weaker European figures mean a real surprise is needed to really excite the market, but despite this, reminders of the economic divergence on sentiment can build up to a breaking point for the sentiment of the Euro (and other European currencies).

Source: Fx Street

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