- Analytics
- News and Tools
- Market News
- EUR/USD to sink towards 1.06 in next weeks, EUR/CHF and EUR/GBP also seen lower – Rabobank
EUR/USD to sink towards 1.06 in next weeks, EUR/CHF and EUR/GBP also seen lower – Rabobank
Compared with other asset markets and, in particular, commodities, movements in G10 FX since the Russian invasion of Ukraine have been more contained. That said, the emerging patterns reflect the urgency and disruption that the war has created. Consequently, economists at Rabobank have brought forward their targets for AUD/USD, slashed their one-month forecasts for EUR/USD and EUR/CHF and lowered the expectations for EUR/GBP.
Euro to remain under pressure
“Although the market has pared back its expectations of RBA rate hikes this year in reflection of the Ukraine crisis, investors are still looking for lift-off in the latter part of this year. We have brought forward our 0.74 target for AUD/USD to a three-month view from year-end.”
“We have revised our EUR/USD target sharply lower to 1.06 on a one-month view, though there is scope for stabilisation around 1.08 in three-month. In step with this, we have also lowered our expectations for EUR/CHF to 0.98 on a one-month view.”
“Since the UK’s energy supplies are more diversified than Germany’s we expect GBP to remain moderately more resilient than the EUR and have also adjusted our EUR/GBP forecasts lower to 0.81 on a one-month view.”
© 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
