- Analytics
- News and Tools
- Market News
- EUR/USD: Scope for a dip back to the year’s low in the 1.035 area – Rabobank
EUR/USD: Scope for a dip back to the year’s low in the 1.035 area – Rabobank
The money market has pared back expectations regarding the extent of European Central Bank (ECB) rate rises. Therefore, the outlook for the euro has worsened. Economists at Rabobank still expect the EUR/USD pair to test 2022’s low at the 1.1350 area.
Window of opportunity for ECB rate hikes could be narrow
“On the back of risks to gas supply over the winter, we expect the Eurozone to fall into recession in late 2022/early 2023. Not only does this suggest that the window of opportunity for ECB rate hikes could be narrow but, even more worrying for EUR bulls, this suggests the worries regarding fragmentation in Europe are likely to be enhanced.”
“We continue to see scope for a dip back to the year’s low in the EUR/USD 1.035 area on a one to three-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
