Open Demo Account
Home / Market Update / Forex Market / EUR/USD faces risk to fall to 0.95 in the weeks ahead
Eurozone
Eurozone

EUR/USD faces risk to fall to 0.95 in the weeks ahead

Mohamed Abdelhamid 4 November, 2022 7:31 pm Forex Market, Market Update

Some economists have revised down their EUR/USD forecast. Accordingly, the pair is expected to slump towards the 0.95 mark.

It is not clear if the ECB can support the EUR with rates hikes. The EUR is not fully priced for the headwinds facing the Eurozone economy.

There are no guarantees currently that the European Central Bank will be able to support the EUR versus the US dollar with rate hikes if its guidance on the economic outlook is sour.

Economists also continue to see risk of EUR/USD’s retreat to 0.95 in the weeks ahead and see the potential for the EUR to stay weaker for longer versus the dollar.

Tags

Check Also

BoE’s Breeden: Some evidence of activity weakening, but we expect it to pick up again

Bank of England (BoE) Monetary Policy Committee (MPC) member and Deputy Governor for Financial Stability …

This site contains information and opinions for the purpose of providing only general information and can not be relied upon. The information and opinions contained in this Site shall in no way constitute an offer or solicitation to buy, sell or subscribe to any investment product. Users of this site shall bear any risks arising from the use of any information, opinion, program, service or material. Noor Trends reserves the right to make any change to the Site, the information, opinions, materials, products, programs, services or prices (if any) at any time without notice.
All copyrights reserved Noor Trends