EUR/USD to trend lower over the course of the year – Danske Bank
Source Fxstreet
Economists at Danske Bank expect the EUR/USD pair to move downward throughout the rest of the year.
EUR/USD to reach 1.0500/1.0400 within a 6/12M horizon
We still expect EUR/USD to trend lower over the course of the year.
Despite the recent positive risk appetite, driven by the global rally in equity markets, which strengthened EUR/USD for most of February, we ultimately view the equity rally as a net positive for the USD, as the catalyst for the rally is centred in the US market, attracting flows to the USD.
Overall, we believe the US economy is in a stronger position relative to the Euro Area based on factors such as relative terms of trade, real rates, and relative unit labour costs.
We forecast EUR/USD to reach 1.0500/1.0400 within a 6/12M horizon.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
As of the Asian session on July 24, gold prices ( XAUUSD) fell continuously during intraday trading, briefly approaching the $4,000 mark. Looking at the chart, gold prices rebounded this
Affected by the continuous escalation of geopolitical tensions in the Middle East, Brent crude ( UKOIL) broke back above the psychological $100-per-barrel threshold after two months, as m
Today’s Market Recap: Oil Breaks $100, Fueling Inflation Fears, as AI Capex Faces Scrutiny and Tesla’s 14% Plunge Drags Down Tech SectorTracking the Market TrendTradingKey - The market was hit by a double whammy of soaring oil prices and doubts about the return on AI investments sparked by increased capital expenditures at Google(GOOG
Tracking the Market TrendTradingKey - The market was hit by a double whammy of soaring oil prices and doubts about the return on AI investments sparked by increased capital expenditures at Google(GOOG
WTI Crude Breaks $90, Brent Crude Approaches $100, Middle East Shipping Risks Drive Continuous Rise in Oil Prices On July 23, international oil prices continued to rise sharply. WTI crude oil ( USOIL) prices broke through the $90 mark intraday, rising over 4%, while Brent crude oil ( UKOIL) rose to a
On July 23, international oil prices continued to rise sharply. WTI crude oil ( USOIL) prices broke through the $90 mark intraday, rising over 4%, while Brent crude oil ( UKOIL) rose to a
WTI climbs above $87.00 as Middle East conflict threatens key choke pointsWest Texas Intermediate (WTI) oil price extends gains for the fifth consecutive day, trading around $87.30 per barrel during the Asian hours on Thursday. Crude oil prices surged as escalating Middle East tensions stoked fears of widespread supply disruptions.
West Texas Intermediate (WTI) oil price extends gains for the fifth consecutive day, trading around $87.30 per barrel during the Asian hours on Thursday. Crude oil prices surged as escalating Middle East tensions stoked fears of widespread supply disruptions.
Related Instrument
