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Pictet: Limited EURUSD downside potential left

Despite a strong recent USD rally against the EUR, Pictet believes that there is limited downside left on account of its view that the US will see a “symbolic” tax cut, still tepid activity and limited rate hikes in 2018. USD has rebounded 4.5% against EUR since September 8, driven by supportive US data, monetary policy divergence and hopes of…

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