EUR/USD Upside Capped? – Danske Bank
In opinion of Jakob Christensen, Chief Analyst at Danske Bank, the pair’s upside appear limited in the near term.
“Regarding EUR/USD we see Friday’s euro-zone data as supporting the case we built early this year that the cyclical difference between the US and the euro zone had narrowed”.
“Still, the low inflation in the euro zone will worry the ECB and that should cap the upside risks in EUR/USD, near term, in our view”.