Economists at Rabobank do not envisage that 2023 will be an easy ride for the single currency and cannot rule out another dip below EUR/USD parity next year.

2023 unlikely to be an easy ride for the Euro

“Even though the EUR has taken back a fair amount of ground in recent weeks, we do not envisage that 2023 will be an easy ride for the single currency.”

“While we have revised up our EUR/USD forecasts to take account of the weaker tone of the USD if gas prices push higher again, we cannot rule out another move back below parity in the months ahead.”