<\/p>\n
A hold is widely expected for the July ECB meeting. The meeting will not offer much action for the Euro (EUR), and we\u2019re biased towards a weaker EUR, TDS macro strategists note.<\/p>\n
\u201cA hold is widely expected for the July meeting, in line with ECB speak and roughly in-line data. We do not believe the GC thinks a softer tone is needed to keep a September cut on the table. Instead, we expect language to be roughly unchanged relative to June.\u201d<\/p>\n
\u201cWe don’t think the July ECB<\/a> meeting will offer much action for the EUR. However, we think that G10FX, especially the likes of EUR and the Pound Sterling<\/a> (GBP), are getting back to attractive fade levels. For medium-term investors, we think 1.09 is a great entry level to fade and, more tactically, we like EUR funded carry trades through July and early August.\u201d<\/p>\n \u201cOur thematic FX portfolios are biased towards a weaker EUR, underscoring shorts in the growth, carry, equity, and risk baskets. EUR is also rich to our short-term value signal (HFFV) and we continue to expect a break below 1.05 in H2.\u201d<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":" A hold is widely expected for the July ECB meeting. The meeting will not offer much action for the Euro (EUR), and we\u2019re biased towards a weaker EUR, TDS macro strategists note. FX portfolios are biased towards a weaker EUR \u201cA hold is widely expected for the July meeting, in line with ECB speak and […]<\/p>\n","protected":false},"author":2,"featured_media":5497,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[299,201,248,251,246,257,825,255,684,250,252,247,253,249,256,254],"class_list":["post-342892","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-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\/342892","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=342892"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/342892\/revisions"}],"predecessor-version":[{"id":342897,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/342892\/revisions\/342897"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/5497"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=342892"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=342892"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=342892"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}