A potential global growth rebound could bode well for the single currency, pushing EUR/USD higher to 1.15 in the next 12 months, according to analysts at Goldman Sachs.
“If our forecast for better global growth proves correct, the most interesting G-10 exchange rate next year might be the beleaguered euro.”
EUR/USD, however, is likely to remain around 1.10 in the next three months, as the fundamental signals are not yet bullish – there are no signs of European or global growth rebound.
At press time. EUR/USD is trading largely unchanged on the day at 1.1056.
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