EUR/USD expected to be at 1.05 by end-2023 – Deutsche Bank
|Following the winter, growth in the Eurozone and in China, in particular, should pick up again. This could weaken the USD and lift the EUR, according to economists at Deutsche Bank.
Difference between returns in the US and the Eurozone should diminish
“The difference between returns in the US and the Eurozone should diminish as the year 2023 progresses. The US interest rate cycle will probably reach its peak in spring 2023 while the European Central Bank raises interest rates further.”
“Growth in the Eurozone and in China in particular may pick up again following a weaker winter. For this reason, we expect the EUR/USD rate to be around 1.05 at year-end 2023.”
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.