EUR/USD to recover moderately in 2024 – Commerzbank
Economists at Commerzbank expect the EUR/USD pair to regain some ground next year.
ECB likely to cut interest rates less than the markets expect
We expect the EUR/USD exchange rate to recover moderately in 2024 (year-end forecast 2024: 1.09). This is likely to be driven primarily by the US Dollar, which is likely to suffer from the expected US interest rate cuts, just as it had previously benefited from the interest rate hikes.
EUR/USD should also receive some support from the fact that the ECB is likely to cut interest rates less than the markets expect.
Reprinted from FXStreet_id,the copyright all reserved by the original author.
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
FOLLOWME Trading Community Website: https://www.followme.com
Hot
No comment on record. Start new comment.