EUR/USD rose above the 1.09 mark and maintains a bid tone to start the week. Economists at Société Générale analyze the pair’s outlook.
Month-end rebalancing flow could present further Dollar headwinds
Month-end duration extension and equity index rebalancing flows will inevitably be part of the equation in bonds and FX this week and could present further headwinds for the Dollar.
In other words, this week is another opportunity for EUR/USD to have a go at surpassing 1.0960 and progressing towards 1.10.
December seasonals bullish Euro.
Read the full article here