EURUSD to surge towards 1.07 by end-2023 – Westpac EURUSD Eurozone Energy Growth Banks
“While it increasingly looks as though EuroArea activity growth will outpace that seen in the US through 2022 and 2023, this is not the primary factor behind our. Instead it is the removal of downside risks related to European energy supply, with the Continent’s gas stores essentially filled ahead of winter and infrastructure necessary to allow the replenishing of reserves through 2023 now in place.
“If the winter weather proves benign as the market is increasingly suspecting, upside risks for Euro may build in the new year.” 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.
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