EUR/USD: RANGE TRADING IN THE NEAR TERM BEFORE RALLYING TOWARD 1.1500 BY YEAR-END – ING
EUR/USD could be somewhere near 1.1500 by end-2024, economists at ING report.
A dose of patience is required
We retain a 1.1500 end-year forecast for EUR/USD but see range trading in the near term.
While a re-assessment of the aggressively priced European Central Bank easing cycle could in theory be positive for the Euro, a deteriorating investment environment could well curtail any sizable near-term gains in EUR/USD and other risk-sensitive currencies.
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