The greenback dangers a short-term downward correction if the U.S. financial outlook weakens, Danske Financial institution strategist Mohamad Al-Saraf mentioned in a word.
The market could also be undervaluing the prospects of an rate of interest minimize by the Federal Reserve, and a extra subdued progress outlook in the US would seemingly set off a fall within the greenback, he mentioned.
Because of this the euro has some upside potential in opposition to the greenback if the subsequent US financial knowledge doesn’t meet expectations, though it can seemingly stay range-bound.
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