EUR/USD seen at 1.06 in six months – Rabobank

EUR/USD seen at 1.06 in six months – Rabobank

Analysts at Rabobank see the EUR/USD pair transferring to the draw back over the following months. They’ve a six-month forecast for EUR/USD at 1.06. 

Key quotes:

“Regardless of its protected haven traits, the USD failed to achieve traction final month on the US regional banking woes. This was a results of the market perceiving this to be a selected US occasion with little contagion danger to Europe or elsewhere. That mentioned, on the again of sticky inflation pressures it’s our view that Fed charges will probably be increased for longer than the market at the moment expects.”

“We additionally see danger of upper for longer charges from quite a lot of different G10 central banks. This may solely serve to reinforce the danger of different monetary associated disaster within the coming months, which might set off additional protected haven USD demand. We retain our 6-month forecast of EUR/USD1.06”


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