Investment ideas

Investment idea/FX idea: EUR/USD - euro fantasies overdone

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The euro has been the darling of the financial markets in recent weeks.

Receding political risks in the wake of Emmanuel Macron’s election to Élysée Palace, plus a series of encouraging economic data, have sparked a new round of EUR strength. But USD weakness has also played a role here: investors are “not amused” by Donald Trump’s politicking. We believe there is no justification at present for either an overly strong euro or an excessively weak US dollar, but on balance foresee a retreat in the EUR/USD currency pair. Investors with EUR cash reserves can benefit from this anticipated movement by means of DOCUs. If you would like to know more, please contact your customer advisor.

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