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23 Apr 2015
SEB: EUR/USD to head below parity by year-end - eFXnews
FXStreet (Barcelona) - The Team at SEB forecasts EUR/USD to end-2015 at 0.95 levels due to two potential Fed hikes and Greece related uncertainty, as noted by eFXnews.
Key Quotes
“As EUR/USD currently trades around 1.07 despite waning expectations on Fed tightening, we have lowered our EUR/USD forecast for the end of this year to 0.95 from parity. Subsequently we expect the combination of more positive news on the US economy later this year and the Fed delivering two hikes in 2015 (in September and December to 0.6%) and even more to 1.50% in the following year to benefit the dollar,"
"As a result, EUR/USD may easily move below parity as the ECB continues to expand its balance sheet.”
“Also, it is hard to imagine Greece's problems will recede unless it defaults on its debt, which would create additional euro-related uncertainty,"
This content has been provided under specific arrangement with eFXnews.
Key Quotes
“As EUR/USD currently trades around 1.07 despite waning expectations on Fed tightening, we have lowered our EUR/USD forecast for the end of this year to 0.95 from parity. Subsequently we expect the combination of more positive news on the US economy later this year and the Fed delivering two hikes in 2015 (in September and December to 0.6%) and even more to 1.50% in the following year to benefit the dollar,"
"As a result, EUR/USD may easily move below parity as the ECB continues to expand its balance sheet.”
“Also, it is hard to imagine Greece's problems will recede unless it defaults on its debt, which would create additional euro-related uncertainty,"
This content has been provided under specific arrangement with eFXnews.