EUR/USD seen at 1.06 in six months – Rabobank
|Analysts at Rabobank see the EUR/USD pair moving to the downside over the next months. They have a six-month forecast for EUR/USD at 1.06.
Key quotes:
“Despite its safe haven characteristics, the USD failed to gain traction last month on the US regional banking woes. This was a result of the market perceiving this to be a specific US event with little contagion risk to Europe or elsewhere. That said, on the back of sticky inflation pressures it is our view that Fed rates will be higher for longer than the market currently expects.”
“We also see risk of higher for longer rates from a number of other G10 central banks. This can only serve to enhance the risk of other financial related crisis in the coming months, which could trigger further safe haven USD demand. We retain our 6-month forecast of EUR/USD1.06”
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.