1330 GMT - The euro could continue to trade between $1.13 and $1.20 during the rest of this year, marking the narrowest range on record, Deutsche Bank's George Saravelos says in a note. The dollar is supported by high energy prices and U.S. interest rate rise expectations. However, rate rise expectations could be priced lower as they are above the amount indicated by the Federal Reserve, he says. The U.S. has also become reliant on stock market inflows to finance its current account deficit, leaving the dollar exposed in the event of an AI-driven fall in equities. In Europe, capital inflows are robust, while growth has proved resilient. That said, the energy shock has weighed on Europe's terms of trade, he says. The euro trades steady at $1.1482.
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