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Deutsche Bank slash their EUR/USD year end forecast to 1.07 (from 1.15)

Snippet from DB on the euro, saying their view on it is neutral and hence they've lowered their end-2023 forecast to 1.07 from 1.15 previously. DB says the main reason they remain neutral EUR/USD is the pair has failed to break higher this year due to the relative outperformance of US growth to Europe.But further out:We see this growth divergence as having peaked with forward-looking indicators improving in Europe but deteriorating in the USOn inflation and monetary policy DB nod to the FOMC as... Read More

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Posted: Oct 23 2023, 02:00

Author Name: forexlive

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