EUR/USD seen gyrating around 1.1300 – Danske Bank

Jens Sorensen, Chief Analyst at Danske Bank, sees the pair navigating around 1.1300 in the near term.

Key Quotes

“However, today focus is set to turn to US monetary policy, with the Fed releasing its monetary policy report ahead of Janet Yellen’s speech next week and the US jobs report due”.

“The latter should not deter the Fed from moving ahead with monetary tightening, i.e. starting quantitative tightening in September and hiking rates in December. In turn, this should maintain some support for the USD and keep EUR/USD in a range around 1.13 in 1-3M”.