3 reasons for EUR/USD to fall over the next 3 months

Author: Eamonn Sheridan | Category: News

I posted earlier on The 3 reasons EUR has bottomed against the USD and yen

An alternative viewpoint is for euro to fall.
Via Citi:
  1. in the near term, euro area activity remains very weak
  2. inflation low
  3. ECB may prepare another round of easing, probably at the 12 September, including more QE
More QE means, says Citi:
  • a negative net supply dynamic in the EA bond market
And, thereofe:
  • we lower our EUR/USD forecast 0-3m target from 1.12 to 1.08 level

ForexLive
By continuing to browse our site you agree to our use of cookies, revised Privacy Notice and Terms of Service. More information about cookiesClose