- Analytics
- News and Tools
- Market News
- EUR/USD to bottom at 0.95 in Q2 2023 – ANZ
EUR/USD to bottom at 0.95 in Q2 2023 – ANZ
EUR/USD has glimpsed below the 0.96 mark. Economists at ANZ Bank expect the pair to bottom out in the first half of 2023 at 0.95.
Downside pressure to continue
“Sentiment remains weak amid gas price volatility as Europe prepares itself for winter with limited gas supplies. This is set to dampen the euro area’s (already weak) economic prospects, given the lack of a long-term solution to the current energy crisis.”
“We view any recovery in the euro area to be challenging and uncertain into Q2 2023, once the winter season is past.”
We have updated our forecasts for the EUR to bottom at 0.95 in Q2 2023.”
© 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
