EUR/USD to reach $1.09 in the second quarter of 2017 - Barclays

Eren Sengezer FXStreet

Barclays analysts in a recently published report said that amid accelerating inflation and stronger economic data, euro is reaching a turning point.

Key quotes:

Tightening by the European Central Bank in 2018 had already been priced in by investors
Forecast: EUR/USD to reach $1.09 in the second quarter of 2017, before falling as low as $1.03 in the fourth quarter before rebounding to $1.05 at the start of 2018
Political risks are likely to weigh on the EUR again in 2018

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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