December 3, 2023 – Written by Ben Hughes
Leave a comment STORY LINK Euro to Dollar Q1 2024 Forecast: Parity Call say Morgan Stanley
Foreign currency strategists at Morgan Stanley expect that the Euro to Dollar (EUR/USD) exchange rate will slide to parity by the end of the first quarter of 2024.
Wells Fargo expects that the dollar will lose ground in 2024 with the Euro to Dollar (EUR/USD) exchange rate at 1.11 at the end of 2024.
There was choppy dollar and Euro trading during the week as markets responded to the flow of data, central bank headlines and shifts in interest rate expectations.
Overall, both currencies struggled with markets pricing in more aggressive rate cuts next year.
EUR/USD…
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