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Euro To Dollar FX Outlook: "A Weaker EUR/USD From Here" Say Credit Agricole
Foreign currency analysts at Credit Agricole, in a recent forecast piece, suggest the ECB could adopt a more dovish stance than the Fed in 2024, influencing the EUR/USD exchange rate outlook this year. The FX strategists predict both central banks will begin rate cuts in 2024, but the ECB's measures are expected to be more aggressive than their American counterpart. The disparity in policy approaches between the ECB and the Fed, alongside potential risk aversion and concerns over tariffs, especially under a Trump presidency, could strengthen the US Dollar in 2024. Peripheral spreads and global trade tensions are also ... (full story)