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#1 31-12-2018 07:36:40

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EUR/USD: the pair will follow central bank policies (Commerzbank)

EUR/USD: the pair will follow central bank policies (Commerzbank)

According to Commerzbank, the EUR/USD is expected to rise in 2019, reaching 1.22 by the end of the year.

"Fed observers expect the US central bank to raise its key rate twice next year before ending its rate hike cycle, so that the final target range of the federal funds rate is around 2.75% to 3%.

Our observers expect that the ECB will still not raise interest rates in 2019. The deposit rate is expected to remain at -0.4% until the first quarter of 2020.

With relatively high (and even surprisingly high) US interest rates and an environment featuring negative interest rates in the euro area, at first glance the parameters of our EUR/USD forecasts seem to be pointing to a decline of the EUR/USD.

The reality is that we expect a EUR/USD exchange rate of 1.22 at the end of 2019 (around 7% above current levels).

"Anything worth having is worth going for - all the way." - J.R. Ewing



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