-
Euro To US Dollar Forecasts Over Next 3, 6 And 12 Months: This Bank Revises EUR Projections Higher
Goldman Sachs has updated its Euro to Dollar exchange rate (EURUSD) predictions, forecasting the currency pair to reach levels of 1.07, 1.10, and 1.12 over the next 3, 6, and 12 months respectively. This latest FX update from previous forecasts (1.05, 1.05 and 1.10), signifies less anticipated downside in the near term. The bank's year-end (2023-2024) estimate of 1.10 remains constant, suggesting they expect a sustained euro recovery once the US Dollar peaks and starts to recede. Currency market dynamics have recently seen a resurgence of the euro against the US dollar, reaching the 1.10 mark, yet the long-term ... (full story)