EUR/USD to reach 1.13 by end-2023 – Wells Fargo
|The greenback could be relatively stable in the near term. But an extended period of US Dollar depreciation is fast approaching, wchi should lift EUR/USD to 1.13 by the end of the year, economists at Wells Fargo report.
Eventual ECB easing to be later and more gradual than that of the Fed
“We expect ECB rate hikes will outpace those of the Fed in the near term and, with the Eurozone economy proving quite resilient, we expect eventual ECB easing to be later and more gradual than that of the Fed.”
“After the period of brief greenback stability in early 2023, we think the prospects for the Euro will brighten, and expect the EUR/USD exchange rate to reach 1.13 by the end of this year.”
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.