EUR/USD should strengthen if Conservatives win general election in the UK and the ECB is not dovish at its meeting
Although the EUR/USD was pressed down by the strong report on US employment for November, analysts continue to bet on the euro. The median forecast of the Reuters experts suggests the single European currency reach $1.15 in 12 months; large banks surveyed by Bloomberg suggest the euro should strengthen and reach $1.12-$1.16 already in the first quarter of 2020. For example, BN Amro and Commerzbank say it will be at $1.14, and Morgan Stanley forecasts the level of $1.16. The major growth…
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