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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.

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