Jin10 data reported on May 30th that strategists at TD Securities stated that the euro against the dollar will further pullback in the short term. They noted that the interest rate differential is moving in favor of the dollar, which increases the cost of protection against currency falls. Recent economic data has also turned favorable for the dollar, and there is “almost no evidence that asset allocation will shift away from the U.S.” They also indicated that these factors increase the risk of a euro fall in the coming weeks, especially if the market focuses again on the interest rate differential. TD Securities expects the euro to dollar exchange rate to fall from the current 1.1347 to 1.11 in the second quarter.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
