Nomura retain a comparatively impartial outlook for EUR/USD within the coming weeks, saying that the composite PMI for the euro space indites economies are nonetheless underperforming relative to US development.
EUR/USD to stay near-term vary sure
- not more likely to rise above 1.10
- and any transfer over 1.09 will doubtless be solely a brief some
Nomura says the market is eyeing which of the Fed or ECB will lower first and pondering which is able to lower to a larger extent, solely then will EUR/USD stop being rangebound
