Deutsche Bank: EUR/USD is expected to rise above 1.2
According to ChainCatcher, citing Golden Ten Data, LSEG data shows that after last week's Federal Reserve interest rate cut, the euro reached a four-year high of $1.1918. Deutsche Bank foreign exchange strategists stated in a report that the euro is likely to continue its upward trend against the US dollar, and is expected to rise above 1.2, as investors continue to move away from the US dollar and US assets.
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