Bank of Canada: Euro/USD will decline in early 2025, but will not fall below parity.

GoldenOctober2024

On December 18, Jin10 Data reported that analysts at Royal Bank of Canada’s Capital Market stated in a report that due to the threat of US tariffs, the euro against the dollar may fall in early 2025, but it is unlikely to fall below parity. The euro is expected to fall to 1.02 against the dollar in the first half of 2025, and then rebound to 1.05 at the end of 2025. The possibility of falling below parity cannot be ruled out, but it will not last. Trump’s policy proposals will cause inflation, but he may be cautious about excessive compression of disposable income. It is expected that the European Central Bank will not reduce interest rates significantly as the market currently expects, thereby further limiting the fall of the euro.

View Original
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.
Comment
0/400
GateUser-b0dca1c3vip
· 2024-12-18 17:00
Bitcoin (BTC) is a decentralized cryptocurrency enabling secure, peer-to-peer transactions using blockchain technology worldwide.
Reply0