EUR/USD to have a chance to get back closer to the pandemic peak level – SocGen EURUSD ECB Fed Growth Banks
EUR/USD is currently stuck in a range. Economists at Société Générale analyze the pair’sWe expect more ECB than Fed tightening in H2, Fed easing in H1 2023 as the US slips into a mild recession, and EUR/USD to have a chance to get back closer to the pandemic peak level .
The biggest risk is that we stay in a much narrower range, i.e., EUR/USD meanders in a 1.05-1.15 range for the foreseeable future, in the face of a synchronised global slowdown. Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
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