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25 Nov 2022

EUR/USD to reach levels of up to 1.10 in 2023 – Commerzbank

Economists at Commerzbank have changed their EUR/USD forecast. The pair is now expected to reach the 1.10 level in the coming year.

Not another USD year

“With the Fed's expected interest rate turnaround, this is unlikely to remain the case in 2023.”

“If the ECB refrains from cutting interest rates next year – as we expect – the Euro could look less unattractive than this year.” 

“Our EUR/USD price target for 2023 is 1.10.”

See: EUR/USD may get a big boost from rate moves in Q1 – SocGen

 

Nov 25, 2022

USD/JPY holds above 139.00, heads for weekly loss

The rally of USD/JPY was capped by the 139.50/60 area. Near the end of the week, the pair holds firm above 139.00 supported by rising sovereign bond y
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Nov 25, 2022

AUD/USD drops from weekly highs around 0.6780s, on mixed mood

The Australian Dollar (AUD) losses ground vs. the US Dollar (USD) amid a mixed sentiment, with US equities wavering due to Federal Reserve (Fed) offic
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