Societe Generale SA has lowered expectations for euro strength, revising its year-end forecast for EUR/USD down to 1.16 from the previous prediction of 1.20, according to Bloomberg. Key quotes Growth expectations have weighed on the shared currency, and the “coronavirus crisis isn’t helping with the euro either, with Europe more sensitive than the US to global trade fears. We misjudged the resilience of US expectations about the economy. The bank still expects a US economic slowdown, which will eventually weigh over the American dollar. EUR/USD fell to 1.0778 on Thursday to print its lowest level since April 2017. The currency pair has witnessed a near 90-degree sell-off from 1.1095 over the last 3.5 weeks. 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 Expert score 5 Etoro - Best For Beginner & Experts0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 5 Read Review Open My Free Account Your capital is at risk. FXStreet News share Read Next Japan’s Aso: FX stability is important FX Street 2 years Societe Generale SA has lowered expectations for euro strength, revising its year-end forecast for EUR/USD down to 1.16 from the previous prediction of 1.20, according to Bloomberg. Key quotes Growth expectations have weighed on the shared currency, and the “coronavirus crisis isn’t helping with the euro either, with Europe more sensitive than the US to global trade fears. We misjudged the resilience of US expectations about the economy. The bank still expects a US economic slowdown, which will eventually weigh over the American dollar. EUR/USD fell to 1.0778 on Thursday to print its lowest level since April 2017. The currency… Top 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.
