Confirming you are not from the U.S. or the Philippines

By giving this statement, I explicitly declare and confirm that:
  • I am not a U.S. citizen or resident
  • I am not a resident of the Philippines
  • I do not directly or indirectly own more than 10% of shares/voting rights/interest of the U.S. residents and/or do not control U.S. citizens or residents by other means
  • I am not under the direct or indirect ownership of more than 10% of shares/voting rights/interest and/or under the control of U.S. citizen or resident exercised by other means
  • I am not affiliated with U.S. citizens or residents in terms of Section 1504(a) of FATCA
  • I am aware of my liability for making a false declaration.
For the purposes of this statement, all U.S. dependent countries and territories are equalled to the main territory of the USA. I accept full responsibility for the accuracy of this declaration and commit to personally address and resolve any claims or issues that may arise from a breach of this statement.
Cancel Confirm
We are dedicated to your privacy and the security of your personal information. We only collect emails to provide special offers and important information about our products and services. By submitting your email address, you agree to receive such letters from us. If you want to unsubscribe or have any questions or concerns, write to our Customer Support.
Confirm
Trading news
Back
7 Apr 2025

EUR/USD to trade at 1.11 in a month – Danske Bank

We are revising our EUR/USD forecast higher to reflect a material shift in the structural drivers, Danske Bank's FX analyst Frederik Romedahl reports.

Europe's fiscal reform push is beginning to support sentiment

"In our analysis of long-term trends in exchange rate markets, we look at especially three parameters: 1) the real rate parity, 2) the relative attractiveness of the asset market and 3) the outlook for global monetary conditions. In short, the outlook for building block 1 and 2 but potentially also 3) have turned. While a US recession in 2025 is not yet our base case, the probability has risen meaningfully — now priced at around 60% in prediction markets. This rising risk, alongside Trump's policy stance, poses a growing drag on the structural growth outlook for the US."

"Policies aimed at reducing immigration, cutting federal employment (e.g. DOGE), and weakening productivity dynamics are all negative for long-term US potential growth. This points to narrower real rate differentials ahead — a fundamental shift that reduces USD support. Simultaneously, there are early but clear signs of capital rotation out of US assets. If this shift proves structural — particularly a rotation away from the US tech sector — it would mark a break from the dominant investment narrative of the past decade, with USD-negative implications."

"On the EUR side, Europe's fiscal reform push is beginning to support sentiment. But the more important driver of our revised view is the growing unpredictability of US politics. With the US increasingly at odds with its allies and global institutions, we believe the relative risk premium on US assets is rising — and over time, that will weigh on the USD. In sum, we revise our EUR/USD forecast profile to 1.11 in 1M (from 1.09), 1.12 in 3M (1.08), 1.14 in 6M (1.07) and 1.14 in 12M (1.06)."

Apr 7, 2025

EUR/USD bounces back as Trump’s tariffs expose US economy to recession

EUR/USD reclaims the psychological level of 1.1000 in Monday’s European session after a weak opening to near 1.0880 earlier in the day.
Read more Previous
Apr 7, 2025

USD: Too much baggage – ING

Weekend press reports and TV interviews suggest US President Donald Trump is not yet ready to be swayed from his mission to reset the global trading system.
Read more Next