Bank of America forecasts EUR/USD at 1.15 end of year
Bank of America continues to expect the euro to reach 1.15 against the dollar by the end of the year. They see the US economy as strong, with a low unemployment rate of 4%. However, markets face risks including war, tensions surrounding artificial intelligence, and the upcoming US elections. In the Eurozone, economic activity data came in better than expected, with the European Central Bank continuing its efforts to combat inflation. Still, risks such as rising energy prices and challenges in France could negatively impact performance in the near term.
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