EUR/USD: Potential for moderate gains over the medium term – Wells Fargo

Economists at Wells Fargo discuss EUR/USD outlook.

Moderate gains in the Euro

“We see potential for moderate gains in the Euro over the medium term. We see continued – albeit modest – Eurozone growth over time, and a much slower pace of rate cuts from the European Central Bank relative to the Fed in 2024.”

“Against this backdrop, we forecast the Euro to gain to 1.08 by the end of 2023 and strengthen to 1.14 by late 2024.”

See: The relative fundamental divergence ahead remains more EUR/USD supportive – MUFG