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6-Month Euro To US Dollar Rate Forecast Cut To 1.05 At Goldman Sachs
Foreign exchange analysts at Goldman Sachs expect that U.S. Dollar strength in global currency markets will last longer than forecasted previously. The Euro to Dollar (EUR/USD) exchange rate dipped to 5-month lows at 1.06 last week before a tentative recovery to 1.0650. Goldman has lowered both the 3 and 6-month EUR/USD forecasts to 1.05 from 1.08 and 1.10 respectively while the 12-month forecast has been cut to 1.08 from 1.12. Goldman Sachs has based its forecast of modest dollar depreciation in 2024 on improved conditions outside the US together with a slowdown in the US economy. Given recent developments, Goldman ... (full story)
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- Apr 24, 2024 5:01pm Apr 24, 2024 5:01pm
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Whatevs - Joined Mar 2022 | Status: Member | 169 Comments
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OnlineAddict - Joined May 2014 | Status: From1toMillion | 3210 Comments
Everyone can see the chart, but only a few can actually read it.
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- Apr 25, 2024 10:11am Apr 25, 2024 10:11am
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Ferna - Joined Dec 2022 | Status: Member | 458 Comments
Equality will be the next big thing in trading
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- Posted: Apr 24, 2024 4:57pm
- Submitted by:Category: Fundamental AnalysisComments: 3 / Views: 3,307
