Société Générale: If tensions in Iran decrease, the euro may rise further
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```htmlGolden Ten Data reported on April 14 that Societe Generale analyst Kit Juckes stated in a report that if the Iran war deescalates and leads to the reopening of the Strait of Hormuz, the EUR/USD pair could further rise toward the 1.20 level. Even if energy prices fall back, Societe Generale still expects the European Central Bank to raise interest rates in June and September, while the Federal Reserve will keep rates unchanged. Juckes said, "This is also what the market has priced in, so it has little impact on the outlook, but it does help the EUR/USD pair to rise further."```
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