EUR/USD forecast to shift lower from 1.05 – RBC CM

Sue Trinh, Senior Currency Strategist at RBC Capital Markets, suggests that their EUR/USD forecast will shift lower by a few big figures from their current forecast trough of 1.05.

Key Quotes

“We think the European political risks are a longer-term story than the short-term focus on the Italian referendum would suggest, and we are long a 1.06 EUR/USD put, expiring 7 July 2017.”