EUR/USD: No big movements for 2019 - Commerzbank

Analysts at Commerzbank suggest that the EUR has disappointed due to further postponement of ECB interest rate normalization and the USD is having weakness due to expiring Fed interest rate cycle and as a result for both currencies, the outlook for 2019 does not look rosy.

Key Quotes

“For the forecast of their relative price – the EUR-USD exchange rate – this means that some of the effects would have to cancel each other out. That doesn't suggest too much movement.”

“We have therefore entered a value of 1.24 in our forecast table for the end of 2019. Ultimately, experience shows that USD-specific arguments generally dominate if no dramatic events occur in the euro area.”

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.

Feed news

Dollar under pressure ahead of FOMC, EUR/USD at weekly highs

The EUR/USD pair trades in the 1.1360 region, its highest for this week as the dollar is being dumped ahead of the release of FOMC Meeting's Minutes.


GBP/USD nearing 1.3100 on positive Brexit headlines

Spanish Foreign Minister Josep Borrell said that a Brexit accord was "being hammered out now," adding that it can be interpreted or complemented with explanations that may be satisfactory for the UK Parliament.