- Analytics
- News and Tools
- Market News
- EUR/USD to move below parity for a while in the coming weeks – SocGen
EUR/USD to move below parity for a while in the coming weeks – SocGen
In the view of Kit Juckes, Chief Global FX Strategist at Société Générale, EUR/USD is unlikely to break below 0.95. Nonetheless, the pair is set to trade under parity in the coming weeks.
Europe has tapped into global LNG supplies
“The good news, that Europe has tapped into global LNG supplies and is doing a better job of weaning itself off Russian gas, is enough to provide some kind of a cushion for EUR/USD and makes a break below 0.95 less likely now unless the conflict with Russia escalates dramatically.”
“However, the drag of higher prices on European growth seems sure to get EUR/USD below parity for a while in the coming weeks.”
© 2000-2024. 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
