DB like the euro, especially against the USD - they are looking for it much higher
The bank is citing both euro-specific and USD- specific factors:
- Further Federal Reserve rate hikes are already priced in to the USD
- Meanwhile the euro is up only 10% since the ECB began its 'taper' - DB says the euro will have further to run (higher), it'll be more responsive to the ECB moves than the dollar will be to those from the Fed
DB with a very long-term chart to support their argument:
