February 25, 2024 – Written by David Woodsmith
Leave a comment STORY LINK Euro to Dollar Forecasts Lowered at Commerzbank, Now Target 1.10 by End 2024
Commerzbank has modestly lowered its EUR/USD forecasts due to a reassessment of US monetary policy, now anticipating fewer rate cuts than previously expected and the market currently prices in.
“We now expect the EUR/USD exchange rate to be around 1.1000 at the end of 2024 (previously: 1.1200) and around 1.0800 at the end of 2025 (previously: 1.1000).”
According to the bank; “The…
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