Barclays Research Team is out with its on the Euro, in the wake of broad-based US dollar strength predicted in the coming months.
Key Quotes:
“EUR/USD to trade at 1.12 by end of Q4 this year.
Bank raised its forecasts for the USD pretty much across the board.
Disappointing growth in the rest of the world as the U.S. continues to power ahead.
Economic convergence into outright divergence.
This likely will support longer and greater USD strength than we had anticipated.”
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