#EURUSD @ 1.10523 could move back to 1.06 in the second half of this year – Rabobank
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Economists at Rabobank see risk of a move lower in EUR/USD in the latter half of this year.
“In the months ahead, the EUR is likely to be adjusting to a softening Eurozone economy. This implies that the upside momentum in EUR/USD that has persisted since Q4 last year, may be nearing a peak.”
“If inflation remains sticky, it follows that Fed policy will have to work harder than in previous cycles to push inflation back to the 2% target. The USD is likely to find support if the market prices out 2023 rate cuts.”
“We see risk of a move back to the EUR/USD 1.06 in H2 this year.”
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