EUR/USD: Year-end forecast stands at 1.00 – ABN Amro
|EUR/USD has moved below parity. While economists at ABN Amro expect the euro to remain under pressure, they expect the pair to end the year around parity.
Lower safe-haven demand could result in a recovery of EUR/USD
“An energy crisis and a recession in the eurozone combined with a more aggressive path of rate hikes in the US compared to the eurozone will probably keep the euro under pressure versus the US dollar this year.”
“The recent wave of risk aversion pushed EUR/USD below parity due to safe-haven demand for the dollar. When financial markets calm down somewhat again, lower safe-haven demand for the dollar could result in a recovery of EUR/USD.”
“Our forecasts for EUR/USD for end-2022 stands at 1.00.”
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.