May 26, 2024 – Written by David Woodsmith
STORY LINK Euro to US Dollar Outlook: Retreat to 1.06 say Wells Fargo
Standard Chartered expects the Euro to Dollar exchange rate (EUR/USD) will weaken to 1.05 and will remain at this level on a 12-month view.
Wells Fargo expects a retreat to 1.06 at the end of the third quarter before a recovery to 1.10 by the second quarter of 2025.
EUR/USD was unable to challenge 1.09 during the week and retreated to 1.0850 as tight ranges prevailed.
MUFG commented; “Despite the continued expectations of a ‘higher…
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