EUR/USD to reach 1.1500 by year-end – BNP Paribas
EUR/USD struggled to breach the 1.1000 level last year. Economists at BNP Paribas analyze the pair’s outlook for 2024.
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EUR/USD struggled to breach the 1.1000 level last year. Economists at BNP Paribas analyze the pair’s outlook for 2024.
The EUR/USD pair builds on the overnight bounce from its lowest level since December 13, around the 1.0845 region, which coincides with the 200-day Simple Moving Average (SMA) and gains some follow-through traction on Thursday.
The AUD/USD pair retreats from 0.6570 as the US Dollar Index (DXY) has recovered swiftly in the early New York session.
EUR/CHF clawed back losses last week. Economists at ING analyze the pair’s outlook.
The EUR/USD pair remains under some selling pressure for the second straight day on Wednesday and drops to its lowest level since December 13, closer to mid-1.0800s, or the 200-day Simple Moving Average (SMA) during the early European session.