Morgan Stanley neutral on EUR, see risks skewed to the upside in the near term

Author: Eamonn Sheridan | Category: News

Via eFX come comments from MS on the euro outlook:

For bank trade ideas, check out eFX Plus.

  • "We remain neutral on EUR but continue to see risks skewed to the upside in the near term, as more countries announce their economic reopening plans for the summer and Europe's COVID vaccination rates continue to pick up"
  • "We don't expect EUR/USD to retest the January highs -1.23 though. The latest German Constitutional Court ruling removed a key obstacle to the launch of the EU recovery fund, but our economists think the first disbursement from the fund will likely still slip from 3Q to 4Q21" 



Invest in yourself. See our forex education hub.
By continuing to browse our site you agree to our use of cookies, revised Privacy Notice and Terms of Service. More information about cookiesClose