Rabobank: It is Difficult for the Ruro to Rise Further Against the Dollar, Falling Back to 1.11 in a Month

Jane Foley, head of FX strategy at Rabobank, said the dollar could be broadly weaker in the short term amid signs that the ECB‘s rate hike cycle is peaking.
This suggests that EUR/USD may struggle to rise further after the summer.
She added that she also expects EUR/USD to fall back to 1.11 in a month’s time.