As of the year-to-date performance, the Euro (EUR) ranks third among the top performers, following the lead of the US Dollar (USD) and the Pound Sterling (GBP). Analysts at Rabobank provide insights into the outlook for EUR/USD.
Strong case for remaining bullish on the USD
Despite the Euro’s unexpected resilience this year, we still assess the fundamentals to be in favor of the US Dollar (USD).
Our projected three-month forecast stands at 1.0500, and we maintain the perspective that there is a higher probability of EUR/USD existing within a range of 1.0400 to 1.1200 over the next 18-24 months, rather than the currency pair sustaining levels above 1.1500.
Following our three-month forecast, we anticipate a modest upward shift to 1.0900 in the early part of the next year, driven by the extension of Fed rate cuts
