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Credit Suisse Retain Negative View on EUR/USD


Credit Suisse write on EUR/USD:

  • Their faith in broad USD strength continues to play out. What has changed is that US breakevens are now falling sharply too, which is contributing to an ongoing rise in real yields.
  • EUR's relative outperformance this month is not enough to force them to change their 'sell rallies' view for EUR/USD, and they continue to target 1.0340 near-term.
MNI London Bureau | +44 203-865-3809 |
MNI London Bureau | +44 203-865-3809 |

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