Goldman Sachs on what it'll take to break the euro higher
GS says EUR/USD is 'still on the struggle bus', saying there are three reasons why EUR reversed its post-FOMC gains.
- Brexit-related uncertainty has kicked up again …. weighs on the Euro to some degree
- even though market volatility may curtail risk sentiment in the short run, EUR-funded carry trades remain attractive to many investors
- March flash PMIs trampled on the "green shoots" of growth that had started to show in some of the Q1 data
What will it take for EUR/USD to break above its recent trading range?
- a re-rating in Euro area growth prospects … it looks like that has been delayed yet again