- Analytics
- News and Tools
- Market News
- EUR/USD to start its recovery in H2 2022 towards 1.15 by end-March 2023 – Deutsche Bank
EUR/USD to start its recovery in H2 2022 towards 1.15 by end-March 2023 – Deutsche Bank
The beginning of the invasion of Ukraine which put the supposed currency “safe havens” in focus. First and foremost, of course, was the US dollar. Economists at Deutsche Bank expect the greenback to remain supported in the near-term but forecast the EUR/USD pair moving upward to the 1.15 mark in 12 months.
EUR will strengthen especially in the second half of the year
“The USD is likely to remain supported in the short-term due to safe-haven demand.”
“While we now expect the ECB to hike less than initially thought as it tries to maintain favourable financing conditions in the region, the risk premia that have been baked into the EUR recently should reverse at least partially over the coming twelve months. In addition, the safe-haven flows into the USD are likely to moderate.”
“We think that the EUR will strengthen especially in the second half of the year, however, it may not be able to reach our pre-conflict forecast of 1.20. We now expect the EUR to trade vs. USD at 1.15 by end-March 2023.”
© 2000-2025. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
