EUR/USD seen weaker at 1.1200 in Q3 2018 - BAML
|In its latest client note, the strategists at Bank of America Merrill Lynch (BAML) expect the EUR/USD pair to fall further in the coming quarter amid looming trade war concerns and strengthening US economy.
Key Quotes:
EUR/USD seen at 1.12 in Q3 and 1.14 in Q4 versus 1.20 seen previously.
Trade tensions have obscured "relatively solid U.S. macro outlook" for both the near-term and medium-term.
Trade uncertainty is more negative for Eurozone economy.
U.S. benefits from "massive fiscal stimulus".
Stronger U.S. growth will keep Fed on a hiking cycle supporting USD.
U.S. corporate repatriation from overseas could also be a driver.
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.