BoA is forecasting EUR/USD back to parity early in 2023<p>Bank of America forecasts for EUR/USD:</p><ul><li>EUR/USD at parity byQ1 of 2023</li><li>to 1.10 for EUR/USD by the end of</li></ul><p>For the yen:</p><ul><li>USD/JPY to 146 by Q1 2023</li><li>to 135 by the end of 2023</li></ul><p>BoA cite:</p><ul><li>for the time being the factors that have supported the USD in 2022 year remain valid, "despite the recent correction lower"</li><li>"In our baseline, the USD remains strong early next year and starts a more sustained downward path after the Fed pauses."</li></ul>
This article was written by Eamonn Sheridan at forexlive.com.
Source: BoA is forecasting EUR/USD back to parity early in 2023 (https://forexlive.com/news/boa-is-forecasting-eurusd-back-to-parity-early-in-2023-20221202/https://forexlive.com/news/boa-is-forecasting-eurusd-back-to-parity-early-in-2023-20221202/)
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