Analysts at ANZ Bank have downgraded their EUR/USD forecasts and anticipate a test of parity in coming months. Key quotes “Unlimited QE means the US has a ready buyer for the huge pipeline of Treasury debt issuance, reducing the need for a higher risk premium or weaker USD. Low inflation is also benefiting the dollar.” “Unless the euro area addresses the challenges facing its fiscally weaker members, or it starts to repatriate its stock of net foreign assets, we see the path of euro depreciation extending.” “The high speed, rollercoaster ride that has been the EUR/USD in 2020, is approaching this critical 1.05 area. There undoubtedly will be some support for the euro around that level, but we expect the depreciation will not stop there.” “We are now forecasting a move below parity by the end of 2020.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Markets: The best investment opportunities are being created – Morgan Stanley FX Street 2 years Analysts at ANZ Bank have downgraded their EUR/USD forecasts and anticipate a test of parity in coming months. Key quotes “Unlimited QE means the US has a ready buyer for the huge pipeline of Treasury debt issuance, reducing the need for a higher risk premium or weaker USD. Low inflation is also benefiting the dollar.” “Unless the euro area addresses the challenges facing its fiscally weaker members, or it starts to repatriate its stock of net foreign assets, we see the path of euro depreciation extending.” “The high speed, rollercoaster ride that has been the EUR/USD in 2020, is approaching… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
