Interesting little aside at the end of the Cititechs weekly review; they see EUR/USD back towards 1.20 within 12 months and possibly at parity within 3 years. Too long a time frame to trade off but certainly an interesting viewpoint.
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Cititechs see EUR/USD turning lower
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- FT: Trump is pushing for 15 – 20% minimum tariff on all EU goods. EURUSD moves lower.
- Gold continues to slide amid lack of US-Iran breakthrough and hawkish Fed risks
- What are the main events for today?
- Iran maintains position that all frozen assets must be released without conditions
- FX option expiries for 28 May 10am New York cut
- A more cautious mood in markets with there being no word yet on any US-Iran agreement
- investingLive Asia-Pacific FX news wrap: Gulf hostilities, ceasefire end? Gold slammed.
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