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If "the energy crisis is over .. & European recession risks melt away" EUR can head to 1.2

Société Généralehas reiterated that its end of year forecast for EUR/USD in 2023 is 1.12.

But, say analysts at Soc Gen, they are aware that the currency is increasing considerably more quickly than we had anticipated. And that therefore they'd need to increase the projection to approximately 1.20 if the energy crisis is over. This is a difficult conclusion to draw though given the fact that the conflict in Ukraine is still raging and Russian gas flows to Europe have mostly stopped.

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Content Topics

The

Energy

Crisis

Over

European

Recession

Risks

Melt

Away

Forex

Posted: Jan 20 2023, 03:13

Author Name: forexlive

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