Danske Bank: Euro/Dollar at 1.16 in 12M

Here is one Bank who doesn’t forecast Eur/Usd parity…

“We have lowered our EUR/USD forecasts given the prospect for a more aggressive ECB: we now look for 1.02 in 1M (previously 1.04), 1.02 in 3M (1.06), 1.06 in 6M (1.12) and 1.16 in 12M (1.20). That is, we expect a sharper dip in the cross near term but we still forecast a rebound in 6-12M.”

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