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- EUR/USD: Return to lasting peace in Ukraine to lay the groundwork for a rally to 1.30 – SocGen
EUR/USD: Return to lasting peace in Ukraine to lay the groundwork for a rally to 1.30 – SocGen
In the near-term, the euro outlook is still all about the evolution of the conflict in Ukraine. The EUR/USD pair could move back to 1.30 on a return to lasting peace while a test of parity would be seen on a significant interruption to gas flows, economists at Société Générale report.
Rates market has priced in so much Fed tightening
“A significant interruption to gas flows could take EUR/USD back below 1.05, testing parity.”
“A return to lasting peace and a shift in European fiscal policy would lay the groundwork for an eventual move back to EUR/USD 1.30.”
“Our forecasts are less ambitious, looking for a modest decrease in tensions and a gradual turn higher in EUR/USD now that the rates market has priced in so much Fed tightening.”
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