The Euro is losing the race - Rabobank

FXStreet (Guatemala) - FXStreet (Guatemala) - Jane Foley, Senior Currency Strategist at Rabobank noted the recent analyses around the US, UK and EZ economies.

Key Quotes:

"Overnight, the USD softened on the back of the minutes of the March FOMC which pushes back against the perception that the Fed could be ready to hike rates as soon as the middle of next year".

“Going forward we expect that the EUR will remain reluctant to yield ground either to GBP or the USD”.

“The more advanced business cycles in both the UK and the US suggests that medium-term both EUR/USD and EUR/GBP are likely to win back a modest amount of ground”.