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Euro To US Dollar Exchange Rate: 4 Competing Bank Outlooks
Our FX research shows the four key bank Euro to Dollar (EURUSD) exchange rate forecasts are as below: • TDS: EURUSD should maintain a 1.07-1.12 range. • BOA: EUR/USD at 1.10 at the end of 2023 and 1.15 at the end of 2024. • ING: Our view is that 1.05/1.07 proves the base for a push towards 1.15 in the third quarter. • UoB: Breach of 1.0775 would suggest that the weakness in EUR has stabilised. Following the US banking-sector failures in March, there were expectations that credit conditions would tighten and that the economy would deteriorate as banks pulled back from lending. In this context, there were also ... (full story)