Expect dollar rally to fade, BBVA says

The Spanish bank sees EUR/USD trading at $1.18 by year-end and to hit $1.21 by the fourth quarter of 2018

Central banks on both sides of the Atlantic will remain the focus for markets trading the euro and the dollar


The recent correction in the US dollar is unlikely to evolve into a full-scale comeback, as fundamentals will continue to support the euro, pushing EUR/USD higher, according to Alejandro Cuadrado, global head of FX and Latin America strategist at BBVA.

“The temporary nature of the latest move in the dollar is twofold: one is in terms of a repricing of an excessive correction in the dollar, although we still haven’t found a middle ground between Fed pricing and

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