EUR/USD: Euro to remain below parity – Danske Bank – by MSalordFX EURUSD Currencies Banks
pair moving to the downside over the next months at a more gradual speed. They have a target of 0.95 in a twelve months perspective. “Fundamentally, the US should continue to be a high interest rate market and equities continue to appeal to foreign investors. This means the US is likely to attract capital, which helps the USD.”
“The key risk to shift EUR/USD towards 1.15 is seeing global inflation pressures fade and industrial production increase. The upside risk also include a renewed focus on easing Chinese credit policy and a global capex uptick but neither appear to be materialising, at present.” If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.