Euro / US Dollar No Longer Forecast to Sink to Parity by ABN AMRO

Euro / US Dollar No Longer Forecast to Sink to Parity by ABN AMRO

From poundsterlinglive.com

Foreign exchange analysts at a major European lender have revised up their forecasts for the Euro, although they still anticipate further downside from here. ABN AMRO had predicted the Euro was on course to fall to parity against the Dollar in 2022, but they have since acknowledged recent developments make this target too low. "We reviewed our base case scenario and indicated that EUR/USD could drop to parity on safe haven buying for the US dollar. Since then, a lot has changed, and investor sentiment has improved as well," says Georgette Boele, Senior FX Strategist at ABN AMRO. In a 'fine tuning' of their ... (full story)

proper read: expect the euro to sing BELOW the parity level with the usd...
propet read: going around 0.80 highly likely...

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