Rabobank: Near-Term Dollar Rebound Despite Long-Term EUR/USD Bullish Outlook

  • The US dollar may continue to find support in the weeks ahead, say analysts at Rabobank, as resilient equity markets, shifting risk sentiment, and global uncertainties combine to strengthen its appeal, despite their 12-month forecast for EUR/USD to rise to 1.20. "The recent improvement in the USD's tone is a catch-up move which follows.