A series of forecasts for the euro from NAB

  • 1.22 by the end of this year (significantly up from the previous forecast of 1.16)
  • 1.25 by June 2021 (prior 1.18)
  • 1.30 by June 2022 (prior 1.22)

Citing, as you might expect, the EU-recovery fund recently agreed to

  • has significantly reduced the tail-risks for the currency and thus the big revision in projections