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EUR/USD to drop to 0.97, yen to weaken to 142.00 and pound to 1.14 – ANZ

EUR/USD is below parity and USD/JPY is above 140.00. The ANZ Bank economists expect EUR/USD and USD/JPY to move towards 0.97 and 142.00respectively.

DXY will hit 112.00 in early 2023

“Our new global forecasts see the euro slip below parity to 0.97, the yen weaken to 142.00 and the lpound sterling up to 1.14. These downward revisions (and upward revisions to the dollar) acknowledge that the dollar will likely remain the currency of choice, as Europe faces runaway inflation Amid falling confidence and a war on its doorstep, Japan doubles down on its ultra-loose monetary policy strategy, and the UK struggles under the weight of rising energy prices and political uncertainty.”

“We expect DXY to hit $112 in early 2023.”

Source: Fx Street

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