Euro US Dollar Exchange Rate Forecast: EURUSD "Could Break Substantially Higher Than our Forecast"

  • Danske Bank has turned more bullish on EUR/USD, expecting a steady rise over the coming year, driven by weakening US fundamentals and continued concerns about US asset confidence. "We have turned bullish on EUR/USD in both the near and medium term, targeting a gradual move toward 1.22 over a 12M horizon," says Danske Bank.