EUR/USD to fall to 1.02 by the end of the year – Morgan Stanley EURUSD EURCHF EURGBP Banks
We expect EUR/USD to fall to 1.02 by the end of the year, driven by defensive investor bias, positive carry, and slow local growth. This trend is somewhat mitigated by the ongoing shift in capital flows.
We expect EUR/CHF to marginally increase toward parity, with the Euro's positivity partly countered by the defensive allure of the Swiss Franc.Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions.
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