EUR/USD will drop towards 0.95 over the next month – Rabobank

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On Wednesday, the EUR/USD closed at its highest level since mid-August. Nevertheless, Rabobank economists they expect the pair to fall towards 0.95 in the next month.

The strength of the dollar will remain for about six more months

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“Before the Jackson Hole meetings, the market was expecting an ECB rate hike of 1% for the October meeting, and these expectations have only increased since then. However, rate hikes have not will go a long way to support the euro against the dollar, as investors are likely to remain focused on stagflation risks in the euro zone and given the safe-haven role of the dollar.”

“We continue to expect the broad-based USD strength to continue for another six months or so.”

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“We maintain our target of 0.95-EUR/USD in one month.”

Source: Fx Street

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