Barclays view on the euro is part of a wider view they hold for appreciation of the US dollar
The bank has raised its forecasts for the USD pretty much across the board
Citing:
- Disappointing growth in the rest of the world as the U.S. continues to power ahead
- "Economic convergence into outright divergence"
This "likely will support longer and greater USD strength than we had anticipated"
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Strategists at the bank are forecasting EUR/USD to trade at 1.12 by end ofQ4 this year