EUR/USD to peak in Q1 2024 rather than in Q4 2023 – Commerzbank

EUR/USD to peak in Q1 2024 rather than in Q4 2023 – Commerzbank EURUSD Banks

EUR/USD is likely to trend upwards over the coming months

“However, due to the delayed start of the Fed’s rate cut cycle, we only expect EUR/USD to peak in Q1 2024 rather than in Q4 2023 as we did before. After that, EUR/USD is likely to weaken again though.” is likely to remain above inflation targets, but the USD is likely to benefit from the fact that the US central bank is seen as the more determined in the fight against inflation whereas there is likely to be a certain amount of scepticism towards the ECB.

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