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Euro To Dollar Technical Outlook: Buy EUR/USD Target 1.12 Say Nomura
Foreign exchange forecasters at Nomura suggest the Euro (EUR) is a buy against the US Dollar (USD) in their latest updated research brief to clients. The analysts consider that US inflation pressures will tend to decline in 2023 with markets increasingly confident that the Federal Reserve will cut interest rates in 2024. In this context, they expect that the Euro to Dollar (EUR/USD) exchange rate will make headway over the next few months. In this context, they recommends buying EUR/USD with a target of 1.12 at the end August and expects a further advance to 1.16 next year. Nomura notes that the Euro-Zone PMI ... (full story)