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EUR/USD to reach levels of up to 1.10 in 2023 – Commerzbank

Economists at Commerzbank have changed their EUR/USD forecast. The pair is now expected to reach the 1.10 level in the coming year.

Not another USD year

“With the Fed's expected interest rate turnaround, this is unlikely to remain the case in 2023.”

“If the ECB refrains from cutting interest rates next year – as we expect – the Euro could look less unattractive than this year.” 

“Our EUR/USD price target for 2023 is 1.10.”

See: EUR/USD may get a big boost from rate moves in Q1 – SocGen

 

USD/JPY holds above 139.00, heads for weekly loss

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AUD/USD drops from weekly highs around 0.6780s, on mixed mood

The Australian Dollar (AUD) losses ground vs. the US Dollar (USD) amid a mixed sentiment, with US equities wavering due to Federal Reserve (Fed) offic
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