EUR/USD: Euro is running up a steep hill into a strong wind – SocGen EURUSD ECB Fed Banks
in the second half of the year, and for the Fed to cut rates, resulting in the policy rate gap narrowing to under 1% by year-end from 2% now. Given the contrast between Friday’s payrolls and yesterday’s weak German industrial production data has been hard to narrow the gap further.”Information on these pages contains forward-looking statements that involve risks and uncertainties.
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