EUR/USD TO EXPERIENCE A GRADUAL PUSH HIGHER TOWARD 1.11 OVER THE NEXT 6 TO 12 MONTHS – CRÉDIT AGRICOLE

avatar
· 閱讀量 68




Economists at Crédit Agricole expect EUR/USD to experience downside pressure in the near term. However, the pair is set to recover toward 1.11 in the coming months.

Near term downside risks for EUR/USD

We see downside risks for EUR/USD from its current levels in the near term and project a recovery only going into Q4 2023. This near-term weakness is due to the positive impact from the widening of the EUR-USD 2-year rate spread being more than offset by wider peripheral spreads to Bunds and the falling EUR-USD box yields spread.

Beyond the near term, we expect EUR/USD to experience a gradual increase towards 1.11 over the next 6 to 12 months. 

 


風險提示:本文所述僅代表作者個人觀點,不代表 Followme 的官方立場。Followme 不對內容的準確性、完整性或可靠性作出任何保證,對於基於該內容所採取的任何行為,不承擔任何責任,除非另有書面明確說明。

喜歡的話,讚賞支持一下
回覆 0

暫無評論,立馬搶沙發

  • tradingContest