Euro: Balancing pressures as Fed path repriced – OCBC

OCBC strategists Sim Moh Siong and Christopher Wong highlight EUR/USD caught between French political-fiscal risks and a potentially capped US Dollar. European bond turbulence is feeding expectations of a more dovish ECB, while US yields rise on economic resilience. Markets still price over three Fed hikes despite softer labour data, but OCBC expects only a moderate USD rally into year-end.