EUR/USD: Feeling even more comfortable with projection of levels around 1.14 by year-end – Commerzbank EURUSD ECB InterestRate Banks
We have adjusted out ECB projections and now expect a rate hike in July. We do not, however, expect a further rate step in September.
Against this background, we now feel even more comfortable with our projection of EUR/USD levels around 1.14 by year-end. Even if there is a certain potential for disappointment regarding the September meeting as the market prices in a rate hike at quite a high likelihood the market will have to abandon its expectation of a rate cut, which should support EUR in the end.Information on these pages contains forward-looking statements that involve risks and uncertainties.
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