EUR/USD seen at risk of bottoming in the 1.06 area on a three-to-six-month view – Rabobank

Economists at Rabobank share their EUR/USD forecast.

Dollar trend has further to run

On a one-month view, USD is the best-performing G10 currency. However, we expect that this trend has further to run. 

We have maintained a three-month EUR/USD forecast of 1.08 for some time. 

We see risk of EUR/USD bottoming in the 1.06 area on a three-to-six-month view before the USD loses steam as Fed rate cuts move into view.

See: Some downside risk for Eurozone yields and the Euro in the month ahead – MUFG