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- EUR/USD seen at 1.15 in Q1 2022 – UOB
EUR/USD seen at 1.15 in Q1 2022 – UOB
According to the Quarterly Global Outlook from UOB Group’s Global Economics & Markets Research, EUR/USD is expected to drift lower to the 1.15 area early in 2022.
Key Quotes
“Due to the longer term monetary policy divergence, we keep to our bearish view of EUR/USD and update the point forecast to 1.16 in 4Q21, 1.15 in 1Q22, 1.14 in both 2Q and 3Q22.”
“The latest forecasts are about 100-200 pips higher compared to our last review at the start of September. This is in acknowledgement of the stabilization in yield differentials observed in the month.”
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