Euro to usd dollar conversion: The EUR/USD Rate is Still a Sell says Goldman Sachs, as Trade War 2.0 Will Soon Weigh

“The market reaction is one-dimensional. The CSI 300 has reversed half of Friday’s bounce, and is down over 6% since the end of April. Month to date, 10year Note yields are 6bp lower and the yen is up 1½% against the dollar so far in May, while the Chinese yuan, Korean won and Swedish krona have all lost over 1 ½%,” says Kit Juckes, chief FX strategist at Societe Generale. “With the market in this mood, there’s no point looking for gains from NOK, AUD, SEK, NZD or CAD.”

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