EUR USD set to bottom at 0 93 during Q1 2023 – Nordea Eurusd - Banks HEAD TOPICS
EUR USD set to bottom at 0 93 during Q1 2023 – Nordea
10/21/2022 1:57:00 PM EUR USD set to bottom at 0 93 during Q1 2023 – Nordea #EURUSD #Banks #Fed #Growth #InterestRate
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EUR USD set to bottom at 0 93 during Q1 2023 – Nordea EURUSD Banks Fed Growth InterestRate The stage is set for continued dollar strength. In the view of economists at Nordea, EUR/USD will continue lower and bottom at 0.93 around the start o USD will continue to do well in the months to come due“We have long been in the USD strengthening camp and see no reason to change our view yet. We believe the USD will continue to do well in the months to come due to the hawkishFedconducting the fastest rate hikes in decades, a resilient US economy, and USD’s safe haven in these troubling times. This will bring EUR/USD to 0.93 during Q1.” “Our take is that the current dollar strength will not stop until the Fed accomplishes bringing inflation down so it can relax its aggressive policy tightening or we see a clear improvement in the global growth.” Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page. Read more:
FXStreet News » GBP will likely continue to be under pressure in the time to come – Nordea EUR/USD Forecast: Slightly Positive Session EUR/USD Forecast EUR/USD Forex Signal: Stuck in a Tight Range as Triangle Pat EUR/USD Outlook Remains Bearish Ahead of the October ECB Meeting Who will replace Truss as UK prime minister Sunak Mordaunt Johnson
Liz Truss quit on Thursday after the shortest, most chaotic tenure of any British prime minister, forced out after her economic programme shattered the country's reputation for financial stability and left many people poorer. Read more >> GBP will likely continue to be under pressure in the time to come – NordeaIn the UK, rates have continued their fall on a policy U-turn. Still, economists at Nordea see more pain ahead for the British pound. The policy U-tur EUR/USD Forecast: Slightly Positive Session EUR/USD ForecastThe Euro rallied just a bit during the trading session on Tuesday as we continue to see a little bit of a recovery. EUR/USD Forex Signal: Stuck in a Tight Range as Triangle PatThe EUR/USD price retreated as the US dollar made a strong comeback on Wednesday. EUR/USD Outlook Remains Bearish Ahead of the October ECB MeetingEurozone final inflation came in slightly below market expectations. Risk aversion nudges US Treasury yields higher bolstering the USD amidst growing recession fears. EUR/USD outlook remains gloomy. will continue lower and bottom at 0.In the UK, rates have continued their fall on a policy U-turn.TRADE EUR/USD NOW I think that the Euro has much further to go to the downside, so I look at bounces like this as time to do a little bit of research, perhaps even take some time off.It declined to a low of 0. 93 around the start of 2023. USD will continue to do well in the months to come due “We have long been in the USD strengthening camp and see no reason to change our view yet. The policy U-turn will lessen the GBP blow, but it is not enough “The proposal of the UK government – lower taxes and higher spending financed by more debt – broke havoc in the gilt markets while sending the pound in a free fall. We believe the USD will continue to do well in the months to come due to the hawkish Fed conducting the fastest rate hikes in decades, a resilient US economy, and USD’s safe haven in these troubling times. he 0. This will bring EUR/USD to 0. But it takes a long time to build up trust which can be easily lost in a moment.93 during Q1. First, the increase coincided with a slight increase in volatility. ” “Our take is that the current dollar strength will not stop until the Fed accomplishes bringing inflation down so it can relax its aggressive policy tightening or we see a clear improvement in the global growth .” “The poor economic fundamentals in the UK, sky-high inflation, financial imbalances and pension funds under strain will continue to weigh upon the pound.93 level.” Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. I just don’t see how that happens, as long as inflation in the United States continues to scream higher, now still at above 8% year-over-year. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. In a statement, Putin declared martial law in the four provinces that it ceased recently. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.1% in August. 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FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. The EUR/USD also reacted to the latest housing data from the US. Errors and omissions excepted. The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice. The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice. .