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Our view over the past few quarters has been that EURUSD should be rangebound, as the cyclical outperformance of the US economy is offset by the eurozone���s relatively better balance of payments position.
EURUSD should be rangebound
The U.S. economy should slow but not stall in 2019 due to fading fiscal stimulus, higher interest rates and a lack of workers. Even as unemployment falls further, inflation should be relatively contained.
Negative effects would occur in the context of an economy less energized by fiscal stimulus than was the case last year.
CIO Perspectives: Healthcare investment approaches and enterprise-level considerations
Themes and implications from the Global Fixed Income, Currency & Commodities Investment Quarterly
How to enhance portfolio returns while limiting investment costs