EUR/USD: Extraordinary price action - Rabobank

FXStreet (Guatemala) - Analysts at Rabobank explained that the sharp price moves in EUR/USD in recent weeks are extraordinary for such a liquid currency pair.

Key Quotes:

"We attempt to offer some explanation for the moves and also argue that despite the sharp correction higher, the downtrend in EUR/USD remains intact."

"That said, our house view that the Fed may not be ready to hike interest rates until the end of the year provides a strong argument in favour of a moderation in the pace of any further USD gains in the coming months."