Back

EUR/USD seen at 1.05 by mid-year, recovery to 1.10 expected by year-end – BofA

Economists at Bank of America Global Research target EUR/USD at 1.05 by the first half of 2023 and 1.10 by year-end.

Inflation is likely to imply near-term stability and upside for USD

“Inflation is likely to imply near-term stability and upside for USD, given low unemployment and inertia for the core. Still, we look for that upside to be more limited, with our 1.05 focal point for the first half of this year for EUR/USD.” 

“We hold our general FX views for G10, and see USD overvaluation as guiding our longer-term outlook, including our forecast of 1.10 for end-of-year EUR/USD." 

 

Belgium Consumer Price Index (YoY): 6.62% (February) vs previous 8.05%

Belgium Consumer Price Index (YoY): 6.62% (February) vs previous 8.05%
مزید پڑھیں Previous

EUR/GBP keeps the red near daily low, remains vulnerable to decline further

The EUR/GBP cross comes under fresh selling pressure on Monday and stalls a three-day-old recovery move from the monthly low touched last week. The cr
مزید پڑھیں Next