EUR/USD to rise to 1.15 by Q4 2023 – Deutsche Bank

Market news

14 June 2023

EUR/USD to rise to 1.15 by Q4 2023 – Deutsche Bank

Economists at Deutsche Bank discuss EUR/USD outlook.

USD medium-term weakness dependent on a dovish Fed pivot

The USD has treaded water in recent months. We still expect the next leg to be lower, coming from an eventual dovish Fed pivot to easing. We expect this to materialise over Q4 followed by rate cuts next year.

Our year-end forecast for EURUSD remains at 1.15. The good news on the Euro side appears now to be in the price, with falling US yields the biggest potential driver for a move higher.

EUR/USD – Q3 2023 1.12 Q4 2023 1.15 Q4 2024 1.25

Currencies. Daily history for Wednesday, June 14, 2023

Commodities. Daily history for Tuesday, June 13, 2023

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