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In its weekly note, the analysts at Nordea Markets recommend taking a short euro trade against the US dollar.

Key quotes

“Go for EUR/USD short at current levels, with 1.1750 target and stop-loss at 1.2220.”

“Approaching “pain thresholds” for the ECB in Euro area fixed income.”

“ECB will accordingly be clearly more inclined to “ease up” compared to the Federal Reserve.”

Expert score

5

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