Comments from an analyst note from Nomura on the euro, recommend buying short-term puts on the euro.

Note that while equity markets are recovering, emerging market FX is outperforming, EUR and other G-10 currencies are lower against the USD.

  • "EUR/USD is not trading as it usually would
  • This is not normal and when normality does return we would look to reenter EUR longs."

Nomura is bullish EUR/USD longer term and looks to buy it lower later in February.

  • looks for higher once the pace of the EU’s vaccine program improves

Targets:

  • 1.27 in Q2/3
  • 1.30 in Q4 into 2022
Comments from an analyst note from Nomura on the euro, recommend buying short-term puts on the euro.