Westpac: The US dollar faces structural resistance; an increase is expected on EUR / USD and GBP / USD.
2026-08-18 10:29:06
According to CoinMeta, Westpac indicates that the structural resistance of the US dollar has surpassed its recent resilience, and it is expected that EUR / USD and GBP / USD will rise. The report notes that the US dollar has been volatile over the past month but ultimately closed at 99.5, indicating that the market is still hesitant. Westpac believes that the stable performance of the US dollar has masked its slow structural changes, and fiscal and political resistances are increasing, despite the market currently favoring more Federal Reserve interest rate hikes. The bank's target is for EUR / USD to reach 1.21 by the end of 2027, and GBP / USD to reach 1.39.
Bullish 0
Bearish 0
Source:Internet
This content is for market information only and does not constitute investment advice.