June 2, 2024 – Written by Frank Davies
STORY LINK Euro to US Dollar Outlook: 1.12 by 2025 say BofA
Bank of America expects that the Euro to Dollar (EUR/USD) exchange rate will strengthen to 1.12 at the end of 2024 as the dollar gradually loses ground.
Credit Agricole, however, expects a retreat to 1.05.
Inflation data dominated a relatively quiet week for major currency pairs.
EUR/USD found support just below 1.08 during the week and secured a net gain to 1.0870 following the US and Euro-Zone inflation data.
The headline Euro-Zone inflation rate increased…
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