Economists at Rabobank share their EUR/USD forecast.
Dollar trend has further to run
On a one-month view, USD is the best-performing G10 currency. However, we expect that this trend has further to run.
We have maintained a three-month EUR/USD forecast of 1.08 for some time.
We see risk of EUR/USD bottoming in the 1.06 area on a three-to-six-month view before the USD loses steam as Fed rate cuts move into view.
See: Some downside risk for Eurozone yields and the Euro in the month ahead – MUFG
Source: https://www.fxstreet.com/news/eur-usd-seen-at-risk-of-bottoming-in-the-106-area-on-a-three-to-six-month-view-rabobank-202308251401