EUR/USD To Drop To 1.10 In The Next Three Months – Goldman Sachs
Goldman Sachs strategists expect little downside in the American Dollar in the near-term and see the EUR/USD pair falling to the psychological support of 1.10 in the next three months.
The shared currency is currently trading at 1.1150 with the German 10-year bond yield below zero.
The investment bank favors pro risk USD neutral trades, emerging market (EM) currencies with funding from the EUR or low-yielding EM currencies.
Article by FXStreet