EUR/USD: Dollar consolidates strong gains - ANZ

Research Team at ANZ anticipates further USD gains vs EUR as the US policy mix and unsettled political backdrop in Europe favour the dollar.

Key Quotes

 “The composition of fiscal expansion and its impact on productivity will be important in assessing the Fed’s reaction function.”

“The rise in populism threatens deeper EU integration and reform, hindering a rise in potential growth and weighing on the EUR.”