- EUR/USD: Fundamental factors suggest that the Euro’s tenacity will be brief – Rabobank
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31 tháng 10 2023
EUR/USD: Fundamental factors suggest that the Euro’s tenacity will be brief – Rabobank
EUR/USD has pushed higher this week. Economists at Rabobank analyze the pair’s outlook.
EUR/USD seen at 1.02 on a three-month view
Since fundamentals do not appear to justify the current buoyancy of the EUR, we expect that it is a function of position adjustment related to the strong sell-off in EUR/USD in recent months.
The current shake out in EUR/USD may be necessary but, in view of the softness of German economic numbers, we expect another move lower in the EUR on a three-month view.
We maintain a three-month forecast of EUR/USD 1.02.
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