EUR/USD: Forecasts revised higher after ECB pivot policy meeting – Rabobank By MSalordFX EURUSD Banks Currencies
forecasts to the upside. Now they expect the pair to drop to 1.11 by mid-year down from their previous target of 1.10“We have moderated our EUR/USD forecasts in light of the hawkish pivot at the ECB’s February policy meeting. However, we don’t see the USD’s bull run as being over yet. Previously, we were forecasting that EUR/USD would drop to 1.10 by mid-year as the Fed’s tightening commenced. In light of the ECB’s hawkish tilt we have revised this forecast up moderately to 1.11.
“We have also brought forward our medium-term projections for the recovery in EUR/USD. We now forecast EUR/USD at 1.15 on a 1-year view from a previous forecast of 1.12.”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.
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