EUR/USD to 1.0700 by Q2 – Deutsche Bank
Source Fxstreet
Economists at Deutsche Bank expect the US Dollar (USD) to remain strong over the year and forecast EUR/USD at 1.0700 in the second quarter.
Dollar to stay strong in 2024
We expect the EUR/USD pair to stay weak through 2024.
We expect EUR/USD at 1.0700 in the second quarter, but risks are skewed towards a strong Dollar, with EUR/USD revisiting 1.0500.
US election is a key driver as markets add to a USD safe-haven premium as election risks build into the second half of the year.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
U.S. stocks moved unevenly after the Fed's rate cut, with Dow rising but S&P 500 and Nasdaq slipping.
The US Dollar Index (DXY) has lost its daily gains and is trading around 97.00 during the European hours on Thursday.
The AUD/USD pair claws back some of its early losses and rebounds to near 0.6650 during the European trading session on Thursday.
Sources say China is planning to terminate its antitrust investigation into Google, shifting regulatory focus squarely onto chip giant Nvidia.
Meme coins such as Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE) are regaining momentum, driven by increased capital inflows in the derivatives markets.
Related Instrument
