EUR/USD to be at 1.14 at year-end as the ECB’s hawkish stance will provide a tailwind for the Euro – ANZ
|Economists at ANZ Bank expect the EUR/USD pair to race higher toward 1.14 by the end of the year.
Relative fundamentals are positive for the EUR vs the USD
“The Euro remains under-valued based on our fair value models and as interest rates between the ECB and Fed narrow, we expect the EUR to outperform.”
“We forecast the EUR/USD to be at 1.14 at year-end as the ECB’s hawkish stance will provide a tailwind for the Euro.”
“While the EUR/USD pair might experience volatility due to the vulnerabilities in the global banking sector, we believe relative fundamentals are positive for the EUR vs the USD.”
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.