Rate Differentials Remain Key for EUR/USD Near Term -- Market Talk

Dow Jones03-07

0756 GMT - EUR/USD continues to track short-term rate differentials closely, Societe Generale Research FX strategist Kit Juckes and FX derivatives strategist Olivier Korber say in a note. The French bank expects both the European Central Bank and the Federal Reserve to cut interest rates by 75 basis points this year. EUR/USD is unlikely to fall as far as 1.05 nor rise to 1.15 in the next year, although "further out, the likelihood is that the Fed will stop easing before the ECB and start tightening first too," the strategists say. EUR/USD trades flat on the day at 1.0896. (emese.bartha@wsj.com)

(END) Dow Jones Newswires

March 07, 2024 02:56 ET (07:56 GMT)

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The French ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"USD","symbol_name":"ProShares Ultra Semiconductors","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2417738662","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2417738662","pubTimestamp":1709798160,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0756 GMT - EUR/USD continues to track short-term rate differentials closely, Societe Generale Research FX strategist Kit Juckes and FX derivatives strategist Olivier Korber say in a note. 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