Societe Generale: EUR/USD looks like holding onto 1.12-1.16 range

Societe Generale analysts suggests that EUR/USD pair is likely to stay in the 1.12-1.16 range for weeks if not months as a stronger yuan has removed one headwind.

Key Quotes

“Soft economic data & lingering existential doubts stand in the way of a push to upside until a deteriorating US economic outlook undermines USD.”