TD expect EUR/USD to barely avoid parity, forecast a drop to 1.01A note from TD assessing the implications of the expected Trump tariffs and what it means for EUR/USD:
- Trump's tariffs will have a significant impact on the eurozone economy (not a positive one!)
- euro zone has limited engines of growth
- economic policy uncertainty running high across Europe
- ECB is expected to cut interest rate more than the Federal Reserve does
- market could price in further eurozone-U.S. monetary policy divergence
TD forecast 1.01 for EUR/USD in Q2 2025.
This article was written by Eamonn Sheridan at www.forexlive.com.
Source: TD expect EUR/USD to barely avoid parity, forecast a drop to 1.01 (https://www.forexlive.com/centralbank/td-expect-eurusd-to-barely-avoid-parity-forecast-a-drop-to-101-20241118/)
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