EUR/USD seen lower at 1.08 by year-end, 1.05 by end-2024

Economists at ABN Amro expect the EUR/USD pair to move downward over the coming months. Speculative positions in the EUR are extremely large We foreca

We forecast a modest upside of the US Dollar versus the Euro for the following reasons. We expect rate cuts by the Fed and the ECB next year. Whereas most of the Fed rate cuts we foresee are anticipated by the market, our expected rate cuts for the ECB are not. If our views play out Euro should weaken. Moreover, the speculative positions in the EUR are extremely large. Information on these pages contains forward-looking statements that involve risks and uncertainties.

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