EUR/USD to go through parity - ANZ

FXStreet (Bali) - The team at ANZ Research as updated its FX forecast, now expecting EUR/USD to go through parity as portfolio outflows accelerate.

Key Quotes

"We are revising our FX forecasts to reflect the USD’s strength in Q1 as many of our targets have been achieved."

"The EUR now looks set to go through parity as portfolio outflows accelerate."

"While we expect China to refrain from significantly depreciating their currency, we have scaled back the amount of appreciation that we are expecting."

"We have also downgraded our AUD, NZD and selected Asian currency forecasts."