Economic recovery in the Euro Zone is expected to continue over the coming quarters, even though at a slower pace, according to the BNP Paribas Economic Research Department, which will support monetary tightening by the ECB and push the Euro to higher levels.
The EUR/USD is expected to remain consolidating around 1.4500 over the third quarter, according to the BNP Paribas Economic Research Department, and appreciate to 1.4800 by year end. For next year, the Euro is seen depreciating steadily, from 1.4800 in Q1 to 1.4500 in Q2, 1.4000 in Q3 and 1.3500 in Q4.
The EUR/USD is expected to remain consolidating around 1.4500 over the third quarter, according to the BNP Paribas Economic Research Department, and appreciate to 1.4800 by year end. For next year, the Euro is seen depreciating steadily, from 1.4800 in Q1 to 1.4500 in Q2, 1.4000 in Q3 and 1.3500 in Q4.
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