EUR/USD could fall as low as 0.90 in the months ahead – Nordea

FXStreet Insights Team FXStreet

Economists at Nordea expect a stronger US dollar in the months to come. In their view, the EUR/USD pair could plunge towards the 0.90 level on the back of risk-off.

The USD will continue to outperform

“The USD will likely continue to benefit from the Fed continuing to hike rates and its status as the world’s predominant safe-haven currency during the coming volatile months for markets.”

“We see EUR/USD down to 0.95 towards year-end, but cannot exclude moves as low as 0.90 in the months ahead.”

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FXStreet Insights Team

FXStreet

The FXStreet Insights Team is a group of journalists that handpicks selected market observations published by renowned experts. The content includes notes by commercial as well as additional insights by internal and external analysts.

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