Market news
06.07.2021, 07:22

EUR/USD set to move downward in the second half of 2021 – OCBC

FXStreet reports that economists at OCBC Bank forecast the EUR/USD to trend lower in the second half of the year as the European Central Bank (ECB) is set to remain more dovish compared to the Federal Reserve.

“Chatter about reopening positives leading to EZ macro outperformance have been building, and is often presented as a positive risk for the EUR. However, there appears to be limited upside momentum in terms of positive data surprises, especially relative to the US. Thus, remain fundamentally suspicious of EUR-positive arguments based on EZ macro outperformance.”

“Overall, expect the ECB balance sheet expansion to continue to outpace the Fed at this juncture. This belies our structural EUR-negative view in 2H 2021. Investment community long on the EUR, suggesting considerable scope for EUR declines should sentiment turn.”

© 2000-2022. All rights reserved.

This site is managed by Teletrade D.J. Limited 20599 IBC 2012 (First Floor, First St. Vincent Bank Ltd Building, James Street, Kingstown, St. Vincent and the Grenadines).

The information on this website is for informational purposes only and does not constitute any investment advice.

AML Website Summary

Risk Disclosure

Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.

Privacy Policy

Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to Automatic import of materials and information from this website is prohibited.

Please contact our PR department if you have any questions or need assistance at

Live Chat E-mail
Choose your language / location