EUR/USD: Vulnerable to downside risks to Euro Area activity – Goldman Sachs

Dhwani Mehta FXStreet

Analysts at Goldman Sachs cut their forecasts for EUR/USD, now seen at 1.1400 and 1.1600 over the next three and six months respectively.

Key quotes

“Unless the upcoming preliminary PMIs show significant upside surprises.”

“We would expect markets to remain focused on downside risks to Euro Area activity. “

“We are therefore revising our 3m and 6m EUR/USD forecasts.”

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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