EUR/USD: Goldman Sachs updates its medium-term forecasts, is far less pessimistic than before

Yesterday, the Goldman Sachs bank updated its 3, 6 and 12-month forex forecasts for most currency pairs.

For the EUR/USD, the bank still anticipates a decline, but has significantly lifted its forecasts. According to Goldman Sachs, the eurodollar is expected to fall and stabilise at 1.15 within 3, 6 and 12 months, up from 1.05 in its previous forecast, and 0.95 in the previous ones.

Regarding the GBP/USD, the bank anticipates a gradual decline to 1.29 within 3 months, 1.27 within 6 months, and 1.20 within 12 months.

Lastly, Goldman Sachs forecasts are up for the USD/JPY, with a forecast at 112 within 3 months, 113 within 6 months and 115 within 12 months.