May 06, 2022 - 03:41 PM 349 views
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.