Rabobank on the euro:
- see EUR/USD trading around 1.08 out six to twelve months
- politics could inject considerable uncertainty into the outlook for the USD
- US economy resilient compared to that of the Eurozone
- fiscal policy could be inflationary regardless of the presidential election outcome
- “The inflationary implications of increased post-election fiscal outlays are likely to underpin the U.S. dollar next year”
