- Analytics
- News and Tools
- Market News
- EUR/USD seen falling towards 1.04 on a 12M horizon – Danske Bank
EUR/USD seen falling towards 1.04 on a 12M horizon – Danske Bank
EUR/USD erased around 50% of its post-Fed gains going into the weekend. Economists at Danske Bank analyze the pair’s outlook.
USD weakness to continue in the near term
We anticipate USD weakness continuing in the near term due to the recent substantial easing of financial conditions, which should lend support to a general risk-on sentiment in markets. Combined with bearish USD year-end seasonality, this could provide some support to EUR/USD in the next months.
Further out, we expect USD to regain strength and see EUR/USD falling towards 1.04 on a 12M horizon.
© 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
