Forex: EUR/USD could rise to 1.45 in the coming months – Danske Bank

FXstreet.com (Córdoba) – The Euro could extend its rally against the Dollar in the coming months according to analysts at the Danske Bank. The second round of quantitative easing by the FED and the exit strategy of the European Central combined will pushed the EUR/USD higher the bank affirm.

“The ECB remains committed to its exit strategy. Short money market rates in the eurozone remain elevated but can actually rise more if liquidity is being drained further. Hence, we maintain our call for a gradual dollar depreciation over the coming months and maintain our forecast of EUR/USD to reach 1.45 in three months and continue towards 1.50 on the 12- month horizon unless the monetary policy divergence between the Fed and the ECB abates”, analyst at the Danske Bank said.

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