EUR/USD has climbed back above the 1.09 level this morning. In the opinion of economists at Rabobank, the pair will end the year moderately higher.
“Around four European Central Bank (ECB) officials have indicated that rates could be raised in Q3. there is a clear sense that the Governing Council may be opening up the prospect of a rate move a little earlier than many economists have been expecting.”
“Assuming a win by the incumbent in France’s run-off election, the EUR could benefit further from relief.”