EURUSD day by day
Goldman Sachs notes a notable shift in market sentiment relating to widespread brief positions within the USD, suggesting warning over how a lot additional USD weak point can persist.
Key Factors:
- There may be rising warning in regards to the extent of USD weak point pushed solely by a reevaluation of Fed and US exceptionalism.
- The market is at the moment closely brief on USDs, prompting a resurgence in curiosity for EUR/USD draw back.
- Latest information from Europe has led to elevated expectations for the subsequent ECB reduce, influencing sentiment.
- Goldman Sachs’ technique workforce signifies that the honest worth for EUR/USD, primarily based on March 2025 charges pricing, is nearer to 1.0950.
Conclusion:
The evaluation highlights a possible stabilization in USD valuation amid heavy brief positions, with the EUR/USD honest worth reflecting changes in market expectations.
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