BofA cuts euro forecasts, sees stronger dollar in second half on hawkish Fed

MacroDigital Finance
โดย Investing.com·Read original
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Bank of America has lowered its euro-dollar forecasts for the second half of 2026, now expecting EUR/USD to end the third quarter at 1.12 and finish the year at 1.15, down from its previous projections. The bank cites resilient U.S. economic data and a hawkish Federal Reserve as factors supporting a stronger dollar in the near term. It also revised forecasts across several dollar-bloc currencies to reflect expectations of a relatively stronger U.S. currency. BofA believes relative economic performance and the prospect of additional Fed tightening could weigh on the euro through the summer, before euro-area growth improves later in the year, supported by German fiscal stimulus and lower energy prices. The bank's end-2027 forecast for EUR/USD has been reduced to 1.20 from 1.25.

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