Deutsche Bank slash their EUR/USD year end forecast to 1.07 (from 1.15)

<p>Snippet from DB on the euro, saying their view on it is neutral and hence they've lowered their end-2023 forecast to 1.07 from 1.15 previously. </p><p>DB says the main reason they remain neutral EUR/USD is the pair has failed to break higher this year due to the relative outperformance of US growth to Europe.</p><p>But further out:</p><ul><li>We see this growth divergence as having peaked with forward-looking indicators improving in Europe but deteriorating in the US</li></ul><p>On inflation and monetary policy DB nod to the FOMC as still the "most important catalyst for a move lower in the Dollar"</p><ul><li>the US inflation picture is looking increasingly benign</li></ul>

This article was written by Eamonn Sheridan at www.forexlive.com.