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EUR/USD seen at 1.22 in 12-month – Danske Bank

Analysts at Danske Bank continue to expect the pair to edge higher towards the 1.22 region within a year’s view.

Key Quotes

“We look for EUR/USD to continue on an upward trend over the next year and have a target of 1.22 in 12M”.

“Gravity is pulling the USD lower still as it has been overvalued for some time on our MEVA models and current account flows work in favour of the euro area”.

“Stronger growth performance in the euro area is also supportive of the EUR”.

US CPI: Looking for a 0.1% rise in headline prices - Westpac

Analysts at Westpac are looking for a 0.1% rise in US headline prices while excluding food and energy, a 0.2% gain is expected. Key Quotes  “Growing
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USD/CHF recovers from 2-week lows, back above 0.96 mark ahead of US CPI

The USD/CHF pair has managed to recover from early the early European session dip to sub-0.9600 level and is currently holding in neutral territory ah
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