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📝EUR To Fade As Driver Of G10FX Price Action: BofA

Falling EUR-based correlation suggests the market does not expect EUR to remain a major driver of FX price action. We expect US data and Fed decisions to be a more persistent driver for G10 FX this year. We see USD-based implied correlation to remain above the current post-pandemic average as the Federal Reserve tightens monetary policy. - BofA Strategy


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