📝See Higher EUR/USD On Lower Rate Differentials: Nordea

EURUSD has continued rising over the last couple of weeks. The aftermath of the banking turbulence has led to a markedly lower rate differential between the USD and EUR, which is supportive of an even higher EURUSD. We still believe the ECB will likely out hawk the Fed in the months to come, which points to EURUSD rising above 1.10 level in the months to come.

-Nordea