EUR/USD: To 1.25, USD/JPY: To 100 In The Next Year - SocGen

30 August 2020, 17:24
Vasilii Apostolidi
0
66

Societe Generale Research updated its FX forecasts and  now targets EUR/USD and USD/JPY at 1.18 and 105 respectively by end-2020 and at 1.25 and 100 by end-2021.

 

"Our updated forecasts reflect our concern that EUR/USD in particular, has gone too far too fast, but it seems clear to us that we are at the start of a multi-year period of dollar decline, from very elevated levels," SocGen notes. 

"The yen still can't fall far and is doing its job: ready to rally if global equities correct, doing little while they go up...A sterling short squeeze has dragged EUR/GBP below 0.90 but we doubt it can hold here for long, even if the outlook is still for the real trade-weighted index to bump along the bottom," SocGen adds.

PS Copy signals, Trade and Earn  $ on Share4you in 2020 - https://www.share4you.com/en/?affid=0fd9105    



Share it with friends: