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- EUR/USD has been on a downtrend since April and there aren't many reasons why it should stop - J.P. Morgan
EUR/USD has been on a downtrend since April and there aren't many reasons why it should stop - J.P. Morgan
EUR/USD has been on a downtrend since April and there aren't many reasons why it should stop, says Meera Chandan, a forex strategist at J.P. Morgan. "There is no compelling reason to think that the trend in EUR/USD will reverse," she says, adding that "risks are biased towards the continuation of the trend." Market participants have priced in fewer Federal Reserve interest rate rises over the next 12 to 18 months, Ms. Chandan notes. J.P. Morgan expects the two-year U.S. yield to reach 3.05% by the end of this year. On Tuesday, the yield is at around 2.8%. EUR/USD is last up by 0.2% to 1.1705 - via WSJ
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