Euro to Dollar Exchange Rate Outlook: Sell at 1.0576, say HSBC Strategists

STORY LINK Euro to Dollar Exchange Rate Outlook: Sell at 1.0576, say HSBC Strategists

Foreign exchange analysts at HSBC remain negative on the Euro to Dollar (EUR/USD) exchange rate and recommend selling it at 1.0576 with a target of 1.0220.

Danske Bank remains negative on the Euro over the medium term with a 12-month forecast of 1.03, but sees scope for a rally to 1.0800 on a near-term view.

According to HSBC; “The main headache for the EUR is the unpleasant growth/inflation…
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