EUR/USD to consolidate around 1.08-1.09 with upside risks – Danske Bank
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Danske Bank's FX analyst Jesper Fjärstedt suggests EUR/USD will likely consolidate around 1.08-1.09, with potential upside risks. The USD reaction to recent tariffs remains uncertain, with mixed past impacts including lower import demand, inflationary effects, and potential growth concerns.
March 28, 2025 | 12:15 pm
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NEUTRAL IMPACT
The Invesco DB US Dollar Index Bullish Fund may experience fluctuations due to uncertain USD reaction to recent trade policy developments.
The USD Index ETF is directly impacted by forex market dynamics, and the uncertain USD reaction to tariffs creates potential for short-term volatility.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 70