#EURUSD @ 0.98435 to target 0.95 by year-end, GBP/USD to move towards parity – BofA
…
This is a premium post.
[s2If !current_user_can(access_s2member_level4)]Please register for PREMIUM VERSION HERE to read full post below containing analysis. In case of any error or you think you are not able to read the full post below, please email us at support#nehcap.com [lwa][/s2If] [s2If current_user_can(access_s2member_level4)]
Economists at Bank of America Global Research make a round of G10 FX revisions into Q4. The EUR/USD and GBP/USD are now forecast at 0.95 and 1.00 by year-end, respectively.
“We adjust our G10 FX forecasts, led by shifting lower our EUR/USD profile with a 0.95 target for the end of the year.”
“We now look for GBP/USD to move towards parity at the end of the year.”
“Even though we do not look for a new multi-year secular trend to the upside, the dollar is likely to stay at multi-decade highs for the near and medium-term, as per our forecasts.”
[/s2If]
Join Our Telegram Group
