EUR/USD seen rangebound around 1.1300 – Danske Bank

Senior Analyst at Danske Bank Mikael Milhoj expects the pair to stay rangebound around the 1.1300 handle in the next months.

Key Quotes

“In the majors, FOMC minutes released yesterday failed to spur a reaction in USD even though they hinted that quantitative tightening could start in coming months”.

“In our view, a start will be announced in September and this will help keep EUR/USD in a range around 1.13 despite the increased focus on the ECB moving towards the exit from monetary easing. Regarding the latter, EUR will look to the ECB minutes for clues today”.