EUR/USD to 1.0700 by Q2 – Deutsche Bank

Economists at Deutsche Bank expect the US Dollar (USD) to remain strong over the year and forecast EUR/USD at 1.0700 in the second quarter.

Dollar to stay strong in 2024

We expect the EUR/USD pair to stay weak through 2024.

We expect EUR/USD at 1.0700 in the second quarter, but risks are skewed towards a strong Dollar, with EUR/USD revisiting 1.0500.

US election is a key driver as markets add to a USD safe-haven premium as election risks build into the second half of the year.