- Analytics
- News and Tools
- Market News
- USD to gradually weaken starting in Q2-2023, sending EUR/USD to 1.10 by end-2023 – BofA
USD to gradually weaken starting in Q2-2023, sending EUR/USD to 1.10 by end-2023 – BofA
Economists at the Bank of America Global Research expect the US Dollar to remain on a solid foot at the beginning of 2023 but to drift lower as the year unfolds.
Positive USD forces remain, but will fade gradually
“For now, the forces that have supported the USD this year remain valid, despite the recent correction lower.”
“In our baseline, the USD remains strong early next year and starts a more sustained downward path after the Fed pauses.”
“We forecast EUR/USD at parity and USD/JPY at 146 by 1Q23. However, in our baseline the USD gradually weakens starting in Q2, to 1.10 for EUR/USD and to 135 for USD/JPY by end-2023, with our EUR/USD forecast above the consensus.”
© 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
