Standard Chartered Forecast: EUR/USD Medium-Term Range 1.14-1.20

  • The Euro to Dollar (EUR/USD) exchange rate hit 45-month highs at 1.1830 at the beginning of July before a limited correction to just below 1.1740. Standard Chartered expects the pair will trade in a 1.14-1.20 range over the next few months with the ECB resisting rapid moves above 1.20.