{"id":234534,"date":"2024-01-23T20:25:12","date_gmt":"2024-01-23T14:55:12","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=234534"},"modified":"2024-01-23T20:25:12","modified_gmt":"2024-01-23T14:55:12","slug":"eur-usd-will-make-a-new-lower-cyclical-high-at-some-point-this-year-socgen-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/eur-usd-will-make-a-new-lower-cyclical-high-at-some-point-this-year-socgen-crypto-news\/","title":{"rendered":"EUR\/USD will make a new lower cyclical high at some point this year \u2013 SocGen – Crypto News"},"content":{"rendered":"

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EUR\/USD<\/a> continues to track shorter-dated yields. Kit Juckes, Chief Global FX Strategist at Soci\u00e9t\u00e9 G\u00e9n\u00e9rale, analyzes the pair\u2019s outlook.<\/p>\n

The ECB will ease more slowly than the Fed and<\/h2>\n
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EUR\/USD has been tracking 2-year yield differentials in this rate-dominated market. We expect that spread to narrow from 170 bps now to under 100 bps in the second half of the year. If we took the correlation between EUR\/USD and the yield differential at face value, that would have the Euro peaking close to 1.2000 but that seems unlikely to us; relative growth trends are likely to be an anchor.\u00a0<\/p>\n<\/blockquote>\n

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However, we remain confident enough that a) the ECB will ease more slowly than the Fed and b) rate differentials will matter as much as perceived growth differentials, that EUR\/USD will continue its slow-motion recovery and make a new lower cyclical high at some point this year (but well before the US election).<\/p>\n<\/blockquote>\n

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Share: EUR\/USD continues to track shorter-dated yields. Kit Juckes, Chief Global FX Strategist at Soci\u00e9t\u00e9 G\u00e9n\u00e9rale, analyzes the pair\u2019s outlook. The ECB will ease more slowly than the Fed and EUR\/USD has been tracking 2-year yield differentials in this rate-dominated market. We expect that spread to narrow from 170 bps now to under 100 bps […]<\/p>\n","protected":false},"author":2,"featured_media":6890,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[299,201,248,251,246,257,825,433,366,255,684,250,252,247,253,249,256,254],"class_list":["post-234534","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-banks","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-ecb","tag-eurusd","tag-fed","tag-gta","tag-interestrate","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/234534","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=234534"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/234534\/revisions"}],"predecessor-version":[{"id":234535,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/234534\/revisions\/234535"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/6890"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=234534"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=234534"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=234534"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}