EUR/USD to remain under pressure as the Dollar is set to stay strong for some time – Rabobank
|The Euro (EUR) is the third best performer in the year to date after the US Dollar (USD) and the Pound Sterling (GBP). Economists at Rabobank analyze EUR/USD outlook.
Strong case for remaining bullish on the USD
While we acknowledge that the EUR has been more resilient than we expected so far this year, we still see fundamentals as favouring the USD.
We maintain our three-month forecast of 1.0500 and remain of the view that there is a higher chance of EUR/USD remaining in a 1.0400 to 1.1200 range over the next 18-24 months or so, than of the currency pair holding levels above 1.1500.
Our three-month forecast of 1.0500 is followed by an expectation of a moderate move higher to 1.0900 early next year as Fed rate cuts are extended.
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.