Barclays: Euro against the US dollar may have limited upside potential

FXStreet news, March 6th, Barclays analysts stated in a report that the euro is unlikely to appreciate significantly against the US dollar unless the US economic data further deteriorates. They stated that market sentiment has shifted significantly towards Favourable Information the euro and Unfavourable Information the US dollar. This is due to softening US economic data, diminishing hopes for further US stimulus, unstable US tariff policies, and Germany’s fiscal spending plans. ‘However, from a risk-reward perspective, we will not further chase the euro,’ they said, suggesting that if upcoming US economic data is more optimistic, much of the euro’s upward momentum may have passed.