- Analytics
- News and Tools
- Market News
- EUR/USD to struggle around 1.05 in H1, rebounding toward 1.10 by year-end – BofA
EUR/USD to struggle around 1.05 in H1, rebounding toward 1.10 by year-end – BofA
Economists at the Bank of America Global Research expect the EUR/USD pair to remain under pressure in the first half of the year before recovering toward 1.10 by year-end.
Market has once again run ahead of itself
“We warn that the market has once again run ahead of itself, pricing early Fed cuts, with re-pricing likely to weigh on EUR/USD in the short term.”
“We continue to forecast EUR/USD at 1.05 in H1, appreciating to 1.10 by year-end and to 1.15 by end-2024, still below long-term equilibrium.”
“We assume that the worst of the recent bank turmoil is behind, but we remain concerned about two risks for the EUR in particular: the continued war in Ukraine and possible market pressure on Italy from the hawkish ECB.”
© 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
