Neutral
Citi forecasts EUR/USD could retest 1.17 after next week's Fed decision.
Citi strategists suggest that EUR/USD may approach 1.17 if the Federal Reserve's upcoming decision leads to a 'sell the news' reaction in the dollar. However, geopolitical and energy risks could limit the greenback's downside.
Key points
- Citi anticipates EUR/USD could move back toward 1.17 if the Fed's decision triggers a 'sell the news' reaction in the dollar.
- Geopolitical and energy risks may limit the dollar's downside, potentially affecting EUR/USD movements.
Sources
AI-generated from public news sources. Not financial advice.
