USD to strengthen regardless of who is (big spending) president next year, E/U around 1.08

Rabobank on the euro:

• see EUR/USD trading around 1.08 out six to twelve months
• politics could inject considerable uncertainty into the outlook for the USD
• US economy resilient compared to that of the Eurozone
• fiscal policy could be inflationary regardless of the presidential election outcome
• “The inflationary implications of increased post-election fiscal outlays are likely to underpin the U.S. dollar next year”

This article was written by Eamonn Sheridan at www.forexlive.com.



Source link