January 8, 2024 – Written by Frank Davies
STORY LINK MUFG: Euro to Dollar Rate Tipped to Strengthen to 1.14 by End-2024
MUFG foreign exchange analysts forecast that the Euro to Dollar (EUR/USD) exchange rate will strengthen to 1.14 at the end of 2024.
On a shorter-term view, MUFG forecasts EUR/USD at 1.08 at the end of the first quarter and other banks are also less confident that EUR/USD can advance in the short term.
Scotiabank, for example, considers that there is a risk that EUR/USD will dip to below 1.0700.
From a longer-term perspective, Morgan Stanley has dropped its bullish dollar stance and is now neutral. It has also dropped its call of EUR/USD parity.
According…
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