BoA say EUR/USD to turn back down, forecast to 1.02 in Q3

Author: Eamonn Sheridan | Category: News

BoA looking for the USD to strengthen citing "economic and financial market shocks reverberate and USD demand persists"

  • the note forecasts EUR/USD 1.02 in both Q2 and 3
  • and end the year at 1.05
  • global economy headed for recession
  • contracting US economy, but it'll outperform many areas, especially Europe
  • Europe is late to contain the virus
  • Europe is challenged by fiscal policy coordination

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