EUR/USD seen at 1.05 by mid-year, recovery to 1.10 expected by year-end – BofA EURUSD Banks
Economists at Bank of America Global Research target EUR/USD at 1.05 by the first half of 2023 and 1.10 by year-end.“Inflation is likely to imply near-term stability and upside for USD, given low unemployment and inertia for the core. Still, we look for that upside to be more limited, with our 1.05 focal point for the first half of this year for EUR/USD.” , including our forecast of 1.10 for end-of-year EUR/USD.
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