EUR/USD Seen Rangebound Between 1.05 and 1.10 -- Market Talk

Dow Jones04-02

1107 GMT - The euro is expected to remain in a 1.05 to 1.10 range against the dollar, according to expectations of UBS Global Wealth Management which recommends investors use range-trading strategies to benefit from this backdrop. "The 1.05 level is protected as long as markets continue to expect the global rate-cut cycle to deliver 150 to 200 basis points of easing over time," strategists at UBS GWM say in a note. Such policy action would lead to a risk-on environment, which supports the euro relative to the U.S. dollar, they say. For the time being, the strategists see an upper limit at 1.10 as eurozone growth has stalled, but this range could shift higher as economic growth converges in 2H 2024, they say. EUR/USD trades flat at 1.0746. (emese.bartha@wsj.com)

(END) Dow Jones Newswires

April 02, 2024 07:07 ET (11:07 GMT)

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Such policy action would lead to a risk-on environment, which supports the euro relative to the U.S. dollar, they say. For the time being, the strategists see an upper limit at 1.10 as eurozone growth has stalled, but this range could shift higher as economic growth converges in 2H 2024, they say. EUR/USD trades flat at 1.0746. 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(emese.bartha@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  April 02, 2024 07:07 ET (11:07 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2424722097"}