EUR/USD to fall approaching parity by the end of the year — Nordea

In 2016, the EUR/USD pair fell below 1.05 levels for the very first time. Nordea economists predict that the pair will reach equivalence in the latter part of this year, prior to recovering in the year 2023.

May 06, 2022 - 03:41 PM 349 views

EUR/USD to fall approaching parity by the end of the year — Nordea

Political News

© EUR/USD to fall approaching parity by the end of the year — Nordea

Free Enquiry Now

In 2016, the EUR/USD pair fell below 1.05 levels for the very first time. Nordea economists predict that the pair will reach equivalence in the latter part of this year, prior to recovering in the year 2023.

       EUR/USD is expected to fall further in the months ahead.

      The safe-haven assets of the USD and a high-rise differential will promote lower         movements.

       We watch the EUR/USD pair's momentum fall below the equality level (1.00) sometimes prior to the year end. However, at some point, a miracle happens. Probably the Federal Reserve (Fed) reaches the highest point of its hiking cycle by the next summer.

      We believe the EUR/USD pair will end up around 1.10 by the end of 2023.

Share With -

 

No comments yet for this post

Please Login to comment this article.

If not a registered user yet, Please signup here