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Danske Bank 1/4: #EURUSD finished last week slightly below 1.19, having rallied since Easter. This week, focus will likely turn to US inflation, which is set to accelerate towards 2.5% as well as a number of #Fed speeches.
#forex #forextrade #forextrading #fxstreet #trading
Danske Bank 2/4: Naturally, market will also focus if dollar weakness can be sustained further. With inflation set to rise and the theme of repricing yields having stalled, there may be scope for Fed to push the dollar lower here.
Danske Bank 3/4: In our base case, though, we see levels above 1.19 as good for selling #EURUSD.
#EURGBP continues to trade below 0.87 amid AstraZeneca issues, lower vaccine deliveries, Northern Ireland riots and the upcoming Scottish Parliament election on 6 May.
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