Euro Dollar forecast - EUR USD

Goldman Sachs has lowered its 6-month Euro to Dollar (EUR/USD) exchange rate forecast to 1.05 from 1.10 previously. Other investment banks expect a firm dollar, but consider that a EUR/USD slide to parity is less likely due to evidence of a recovery in the Euro-Zone economy. Although EUR/USD edged higher during the week it failed to...

Foreign exchange analysts at ING no longer expect the Euro to Dollar (EUR/USD) exchange rate to trade above 1.10 this year. Barclays expects a 1.05-1.06 range over the next few months. Credit Agricole considers that some negatives are in the price of EUR/USD, but added; “we maintain our bearish outlook from here and now see a...

Following this week’s developments, US Dollar bears have been forced into hibernation. ING has dropped its forecast that the Euro to Dollar (EUR/USD) exchange rate will trade above 1.10 this year. MUFG added; “We see further declines ahead.” EUR/USD posted sharp loses on the week as markets reassessed the outlook for US...

Foreign exchange analysts at MUFG forecast that the Euro to Dollar (EUR/USD) exchange rate will strengthen to 1.12 at the end of 2024 as the Fed cuts rates. In contrast, Credit Agricole expects a retreat to 1.05 amid Euro-Zone economic vulnerability. The Euro to Dollar (EUR/USD) exchange rate was subjected to choppy trading during...

Foreign exchange analysts at Danske Bank see scope for the Euro to Dollar exchange rate (EUR/USD) to strengthen to 1.10 on a 2-month view, but forecasts a fresh retreat to 1.05 on a 12-month view. ING sees scope for near-term EUR/USD losses on hawkish Fed commentary, but forecasts significant gains to 1.14 at the end of this...

Foreign currency strategists at CIBC forecast the Euro to Dollar exchange rate (EUR/USD) to strengthen to 1.12 at the end of 2024 and 1.16 by 2025-2026. Danske Bank still favours selling rallies; “look for strategic selling opportunities and sell on near-term rallies as the ongoing trend of strong US macro data continues.” The...

Foreign exchange analysts at Bank of America are sticking to their forecast that the Euro to Dollar exchange rate (EUR/USD) will strengthen to 1.15 at the end of 2024. In contrast, Danske Bank is still backing dollar strength with a 12-month EUR/USD forecast of 1.04. EUR/USD was marginally stronger on the week, trading around 1.0830...

The Euro to Dollar exchange rate (EUR/USD) was unable to hold above 1.0850 on Tuesday and edged lower later in the day despite weaker-than-expected US data. EUR/USD retreated further to test 1.0800 on Wednesday with markets expecting near-term inflation data to support the US currency. The dollar also gained an element of defensive...

Commerzbank has modestly lowered its EUR/USD forecasts due to a reassessment of US monetary policy, now anticipating fewer rate cuts than previously expected and the market currently prices in. “We now expect the EUR/USD exchange rate to be around 1.1000 at the end of 2024 (previously: 1.1200) and around 1.0800 at the end of 2025...

The Euro (EUR) spiked higher after the French PMI business confidence data beat expectations with the Euro to Dollar exchange rate jumping to 20-day highs just below 1.0890. The subsequent data was less convincing with particular concern over the German manufacturing sector. Evidence of stronger inflation in the data also curbed...