#EURUSD @ 1.08312 to reach 1.15 by year-end – Nordea
…
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)]
The US Dollar strengthened strongly against G10 currencies during 2022, before paring back some gains during the winter. Looking ahead, economists at Nordea see a weaker USD and forecast EUR/USD at 1.15 by the end of the year.
“We believe global factors are in favour of a weaker USD against the EUR and see EUR/USD at 1.15 by year-end of this year. However, the tensions in markets will likely continue.”
“An economic recession and stock market taking a leg lower (earnings recession) is a risk to our USD view, but we are in the cautiously optimistic camp. Moreover, it is quite difficult to pinpoint exactly if and when stock markets will fall.”
[/s2If]
Join Our Telegram Group
