EUR/USD: Downside risk keep the focus on 1.0000 – Danske Bank By MSalordFX EURUSD Banks Currencies
according to analysts from Danske Bank. They forecast the EUR/USD pair at 1.04 in a one-month perspective, at 1.03 in three months and at 1.00 in a year. “Fundamentally, the US should continue to be a high interest rate market and equities continue to appeal to foreign investors. This means the US is likely to attract capital, which helps the USD.”
“The key risk to shift EUR/USD towards 1.15 is seeing global inflation pressures fade and industrial production increase. The upside risk also include a renewed focus on easing Chinese credit policy and a global capex uptick but neither appear to be materialising, at present.”Information on these pages contains forward-looking statements that involve risks and uncertainties.
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