The economists of rabobank They see risk of a downward move in EUR/USD in the second half of this year.
USD likely to find support if market prices in 2023 rate cuts
“In the coming months, the Euro is likely to adapt to the weakening of the Eurozone economy. This implies that EUR/USD bullish momentum, which has persisted since the fourth quarter of last year, may be topping out.”
“If inflation remains persistent, it follows that Fed policy will have to work harder than in previous cycles to push inflation back toward the 2% target. The dollar is likely to find support if the market prices cuts.” of 2023 rates.”
“We see risk of EUR/USD returning to 1.06 in the second half of this year“.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
