- Analytics
- News and Tools
- Market News
- EUR/USD to dive below 1.12 in the days ahead – Scotiabank
EUR/USD to dive below 1.12 in the days ahead – Scotiabank
EUR/USD has failed to regain 1.13 and is set to retain a soft undertone into the European Central Bank (ECB) meeting. Economists at Scotiabank expect the euro to dip under 1.12 and forecast the world’s most popular currency pair at 1.08 by end-2022.
EUR/USD to retest the 1.12 level
“Next week’s ECB meeting is expected to deliver details on the bank’s plans after the expiry of the PEPP in March, but the bank has already prepared markets for an expansion of the APP. Overall, it will maintain a highly accommodative stance that will weigh on the EUR in the quarters ahead as the Fed begins its hiking cycle and we now see the currency closing 2022 at 1.08.”
“The balance of today’s US CPI release and next week’s Fed and ECB meetings could easily see the EUR drop under 1.12 in the days ahead.”
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
