#EURUSD @ 1.08993 to struggle around 1.05 in H1, rebounding toward 1.10 by year-end – 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 the Bank of America Global Research expect the EUR/USD pair to remain under pressure in the first half of the year before recovering toward 1.10 by year-end.
“We warn that the market has once again run ahead of itself, pricing early Fed cuts, with re-pricing likely to weigh on EUR/USD in the short term.”
“We continue to forecast EUR/USD at 1.05 in H1, appreciating to 1.10 by year-end and to 1.15 by end-2024, still below long-term equilibrium.”
“We assume that the worst of the recent bank turmoil is behind, but we remain concerned about two risks for the EUR in particular: the continued war in Ukraine and possible market pressure on Italy from the hawkish ECB.”
[/s2If]
Join Our Telegram Group
