- Analytics
- News and Tools
- Market News
- EUR/USD to average 0.95 in H1 2023 – JP Morgan
EUR/USD to average 0.95 in H1 2023 – JP Morgan
Analysts at JP Morgan (JPM) expect EUR/USD pair to average 0.9500 during the first half (H1) of the next year (2023) while also citing possibilities of a test towards 0.9000 (assuming no de-escalation in geopolitics).
The investment bank also mentioned in its latest report that its economists expect the US Federal Reserve (Fed) and the European Central Bank (ECB) to pause in the first quarter of 2023 (1Q23) at 5% and 2.5% for the rest of 2023.
The same will leave the policy rate differential just 50 basis points (bps) shy of its 15-year low.
“The outlook envisions a mild recession in the US at the end of 2023, which should hamper recovery in the Eurozone (EU is expected to grow by 0.2% vs. US of 0.4% next year,” said JPM in the report.
JP Morgan also mentioned that a Fed pause is not a sufficient condition for a rebound in the EUR/USD while adding, “Trading strategy is tactical, with risks being an ongoing improvement in regional growth momentum or a potential ceasefire.”
Also read: EUR/USD renews weekly top above 1.0400 as Fed’s pivot is in the air, ECB Accounts eyed
© 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
