Jane Foley, Head of FX Strategy at Rabobank, expects EUR/USD to plummet towards the 1.10 level by mid-2022. After that, the world’s most popular currency pair is set to push higher by the end of the year.

Policy normalization in the eurozone to lift EUR/USD by year-end

“We see scope for EUR/USD to head towards 1.10 in the middle of the year.”

“By the end of 2022, we expect EUR/USD to be pushing higher as policy normalization in the eurozone becomes more topical.”