EUR/USD could reach 1.20 by year-end – ING EURUSD Fed UnitedStates Banks
“Based on our view that the Fed tightening cycle is over and that a credit crunch makes a US recession more likely, we believe the Dollar is about to embark on a multi-quarter decline. The bulk of that Dollar decline may come in 2H23 as the US disinflation story builds and the“The road to a Dollar decline will not be smooth, however. The most pressing risks are the US banking crisis and the risk of a US Treasury default in the June/July window.
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