EUR/USD to climb toward 1.14 by late 2024 – Wells Fargo

Market news

30 June 2023

EUR/USD to climb toward 1.14 by late 2024 – Wells Fargo

Economists at Wells Fargo still see potential for moderate gains in the Euro over the medium term.

Slower pace of rate cuts from the ECB relative to the Fed in 2024

We forecast a resumption of modest Eurozone economic growth over time, and a much slower pace of rate cuts from the European Central Bank, relative to the Fed in 2024.

Against this backdrop, we forecast the Euro to strengthen to 1.15 by late 2024.

See: EUR/USD to finish the year around 1.13 – TDS

Currencies. Daily history for Friday, June 30, 2023

Commodities. Daily history for Thursday, June 29, 2023

Market Focus

Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer

Open Demo Account & Personal Page

Personal area

support@teletradepartners.com

Risk Warning: Trading in the financial markets (including trading on margin) provides a wide range of opportunities and enables investors ready to take risks to make high profits, but it carries a potentially high level of risk of loss. Therefore, prior to trading you should take into careful consideration whether such operations are suitable for you in terms of your level of knowledge and financial situation.