BNP Paribas predicts that the exchange rate of EURUSD, currently at 1.12355, will increase to 1.18, while the exchange rate of USD/JPY will decrease to 123 by the end of 2024.

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EURUSD Chart by TradingView

Economists at BNP Paribas believe that the USD is in the early stages of a structural decline and expect EUR/USD to rise to 1.18 and USD/JPY to drop to 123 by end-2024.

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