- Analytics
- News and Tools
- Market News
- EUR/USD: Best levels of 2024 may be closer to 1.15 rather than 1.18 – ING
EUR/USD: Best levels of 2024 may be closer to 1.15 rather than 1.18 – ING
Economists at ING analyze EUR/USD outlook for the next year.
EUR/USD currently contains a 2% risk premium
Our calculations point to EUR/USD still heading up towards the 1.18 area in the second half of 2024 based solely on our house calls for the Fed and European Central Bank policy trajectories. Yet, as we have seen repeatedly, policy rate differentials are not the sole driver of EUR/USD.
Currently, we estimate that EUR/USD contains a 2% risk premium – a risk premium that can extend to 6% during times of extreme stress in the Eurozone.
A low growth environment in the Eurozone and political uncertainty over the re-introduction of the Stability and Growth Pact will keep that risk premium in the Euro and means that EUR/USD ends this year near 1.06 and that its best levels of 2024 may be closer to 1.15 rather than 1.18.
© 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
