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USD to strengthen regardless of who is (big spending) president next year, E/U around 1.08


Rabobank on the euro:

  • see EUR/USD trading around 1.08 out six to twelve months
  • politics could inject considerable uncertainty into the outlook for the USD
  • US economy resilient compared to that of the Eurozone
  • fiscal policy could be inflationary regardless of the presidential election outcome
  • “The inflationary implications of increased post-election fiscal outlays are likely to underpin the U.S. dollar next year”

This article was written by Eamonn Sheridan at www.forexlive.com.



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