- Analytics
- News and Tools
- Market News
- EUR/USD to decline towards the low-0.90s – Danske Bank
EUR/USD to decline towards the low-0.90s – Danske Bank
EUR/USD is trading only just below parity. Economists at Danske Bank expect the pair to head lower towards the low-0.90s.
Inflation risks are to the upside, growth risks are on the downside
“The ECB’s hike of 75 bps and its public acknowledgment of the stagflationary risks (risks to the downside for growth and to the upside for CPI), the market is likely to maintain a negative view about EUR/USD spot.”
“This stagflation theme and that higher European interest rates remain negative for the currency are well in line with our long-held USD-positive view and we have repeatedly seen such market reaction. Thus, we continue to forecast EUR/USD in the low 0.90’s.”
© 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
