EUR: Outlook On CB Reverse Flows Supports Our Bearish EUR/USD View – BofAML

EUR/USD is moving up and down but has not picked a clear direction. What’s next for the pair? Here is their view, courtesy of eFXdata: Bank of America Merrill Lynch discusses the EUR outlook in light of the latest Q1 COFER data. “The increase in EUR share of reserves in Q1 (from 20.2% to 20.4%) was […]

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