- Analytics
- News and Tools
- Market News
- EUR/USD to soar toward 1.14 around the turn of the year – Commerzbank
EUR/USD to soar toward 1.14 around the turn of the year – Commerzbank
Economists at Commerzbank have slightly changed their forecast for the EUR/USD exchange rate.
Upside potential for EUR/USD to be limited in the short term
In the coming weeks, EUR/USD may remain under pressure as US economic data improves. These data are likely to keep hopes alive for a relatively more restrictive interest rate policy from the Fed.
Around the turn of the year, as the period of economic weakness in the Euro area comes to an end and that in the US is just beginning, the ECB has maintained the ‘terminal rate’ throughout the period of European weakness, but as there are signs that the Fed will cut its key rate again, all of this should lead to pronounced EUR/USD strength.
We expect this strength to fade as the period of economic weakness in the US comes to an end and an end to the US rate cutting cycle becomes foreseeable. However, this scenario is unlikely before H2/2024.
Source: Commerzbank Research
© 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
