Home EUR/USD: Generally negative with a 12 month target at 1.07 – Danske Bank

EUR/USD: Generally negative with a 12 month target at 1.07 – Danske Bank

Updated: 26 May. 2020 | 10:43

Economists at Danske Bank believe EUR/USD will remain range-bound and target 1.07 in 12M while an uptick in global reflationary trends continues to be the key upside risk.

Stay up to speed with Yohay Elam’s last analysis

Key quotes

“The potential for a higher EUR/USD is closely linked to global reflationary trends and such a shock is indeed a notable but, in our view, unlikely upside risk.”

“We forecast EUR/USD at 1.09 in 1-3M, as we see the EUR as embedding enough institutional risk premium, at least for now. Longer-term, we forecast EUR/USD at 1.07 in 6-12M.”

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 posts by FX Street

WARNING: The content on this site should not be considered investment advice and we are not authorised to provide investment advice. Nothing on this website is an endorsement or recommendation of a particular trading strategy or investment decision. The information on this website is general in nature, so you must consider the information in light of your objectives, financial situation and needs. Investing is speculative. When investing your capital is at risk. This site is not intended for use in jurisdictions in which the trading or investments described are prohibited and should only be used by such persons and in such ways as are legally permitted. Your investment may not qualify for investor protection in your country or state of residence, so please conduct your own due diligence or obtain advice where necessary. Crypto promotions on this site do not comply with the UK Financial Promotions Regime and is not intended for UK consumers. This website is free for you to use but we may receive a commission from the companies we feature on this site.