EURUSD could drop to 0.9400 over three months on US-EU policy divergence – Goldman Sachs
07.11.2022, 02:36

EURUSD could drop to 0.9400 over three months on US-EU policy divergence – Goldman Sachs

Analysts at Goldman Sachs, in their latest client note, revised the EURUSD price forecast lower for the next three months, in the face of divergent US and Euro area monetary policy outlooks.

Key quotes

"The Euro area current account has deteriorated significantly in recent months. Digging into the details, higher energy prices account for about two-thirds of the decline in the trade balance, while the higher cost of manufactured goods from Asia is responsible for most of the rest."

"If this is sustained, it could have a material impact on the currency, both on a cyclical basis and a more structurally."

"The ECB has flagged that looming recession risks could lead to a smaller hiking cycle, and recent forward-looking data paint a bleak picture, particularly on the manufacturing side."

"If energy costs prove to be persistently higher and more volatile, it would require a weaker currency to compensate."

"As a result, if the current account stays around current levels, our estimate of Euro fair value would fall substantially. We therefore expect that recent EUR depreciation has further room to run, and have downgraded our 3-month forecast for EUR/USD from $0.97 to $0.94 (while maintaining our 6-and 12-month forecasts at $0.97 and $1.05), mostly due to the diverging cyclical and policy outlook between the US and Euro area."

© 2000-2025. Sva prava zaštićena.

Sajt je vlasništvo kompanije Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

Svi podaci koji se nalaze na sajtu ne predstavljaju osnovu za donošenje investicionih odluka, već su informativnog karaktera.

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.

Politika sprečavanja pranja novca

Upozorenje o rizicima

Izvršenje trgovinskih operacija sa finansijskim instrumentima upotrebom marginalne trgovine pruža velike mogućnosti i omogućava investitorima ostvarivanje visokih prihoda. Međutim, takav vid trgovine povezan je sa potencijalno visokim nivoom rizika od gubitka sredstava. Проведение торговых операций на финанcовых рынках c маржинальными финанcовыми инcтрументами открывает широкие возможноcти, и позволяет инвеcторам, готовым пойти на риcк, получать выcокую прибыль, но при этом неcет в cебе потенциально выcокий уровень риcка получения убытков. Iz tog razloga je pre započinjanja trgovine potrebno odlučiti o izboru odgovarajuće investicione strategije, uzimajući u obzir raspoložive resurse.

Politika poverenja

Upotreba informacija: U slučaju potpunog ili delimičnog preuzimanja i daljeg korišćenja materijala koji se nalazi na sajtu, potrebno je navesti link odgovarajuće stranice na sajtu kompanije TeleTrade-a kao izvora informacija. Upotreba materijala na internetu mora biti praćena hiper linkom do web stranice teletrade.org. Automatski uvoz materijala i informacija sa stranice je zabranjen.

Ako imate bilo kakvih pitanja, obratite nam se pr@teletrade.global.

Банковни
транcфери
Feedback
Lajv čet E-mail
Povratak na vrh
Izaberi lokaciju / jezik