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Credit Agricole: EUR/USD view

Credit Agricole on EUR/USD: "The outlook for EUR over the next two months will be primarily determined by investor expectations surrounding the US Federal Reserve, with European policy factors gaining greater FX traction in late August as German elections draw near. We expect a gradual, but volatile decline over the next two months".

Analysts expect to see EUR/USD at $1.3000, $1.2700 and $1.2200 in 1, 3, and 12 months.

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