EUR/USD to move down toward parity sometime before the year-end – Nordea EURUSD Banks
has broken below 1.05 for the first time since 2016. Economists at Nordea expect the pair to reach parity later this year, before rebounding in 2023.“A higher rate differential and the safe-haven status of the USD argue for movements lower.”
“We see EUR/USD move down to parity sometime before the year-end. At some point, however, the tide will turn. Likely when the“We expect EUR/USD to end 2023 around 1.10.”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.
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