The Weekly FX Navigator (29 June 2021): Add the EUR on dips

28/06/2021 2 min
The Weekly FX Navigator (29 June 2021): Add the EUR on dips

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Episode Synopsis

While we still expect broad USD weakness over the next 6-12 months, the near-term outlook may be more challenging as expectations of the Fed tapering and transitory US inflation argue for a temporary period of USD consolidation. We still advocate averaging into short USD positions at key technical levels and see buying EUR/USD on the dip at around 1.1700 as an attractive proposition. Speaker:DJ Cheong, Investment Strategist, Standard Chartered Bank